Canada and International Organizations
What does WHO stand for?
WHO stands for World Health Organization
What is it called when you trade without money?
It is called bartering.
What are imports?
Imports are products that are traded to Canada from other countries.
Who is Canada's biggest trading partner?
The United States is Canada's biggest trading partner.
How do trains eat?
They chew chew!
How many countries are in the United Nations?
There are 193 countries in the United Nations.
What did the Aboriginal people trade to the Europeans when they settled on Canada?
The Aboriginal people traded beaver fur to the European settlers.
Is Canada's balance of trade positive or negative?
Canada's balance of trade is positive.
Which three countries signed NAFTA?
Canada, Mexico, and the United States are the three countries that signed NAFTA.
Define GDP.
GDP stands for Gross Domestic Product. It is the total amount of money a country makes in a year from goods and services.
When was the United Nations founded?
The United Nations was founded in 1945.
Name one reason Canada trades with other countries.
1. A country has a surplus of a product.
2. A country needs a product.
3. It creates jobs and helps the economy.
4. It can help the relationship and friendship between countries.
5. It allows countries to specialize in certain products.
How do you calculate balance of trade?
Balance of trade is calculated by exports subtracted by imports.
What does NAFTA stand for?
NAFTA stands for North American Free Trade Agreement.
Provide one example of a primary industry.
Logging, mining, fishing, farming are all examples of primary industries.
What year was the World Trade Organization (WTO) founded?
What was Canada's first international company?
The Hudson Bay Company was Canada's first international company.
What product does Canada export the most of?
Canada exports crude oil the most.
Who is Canada's second biggest trading partner?
China is Canada's second biggest trading partner.
What is supply and demand?
If there is a large supply of a product, then the demand will go down, and the price will go down.
If there is a low supply of a product, then the demand will go up, and prices will go up.
Which five countries are the permanent members of the United Nations Security Council?
China, France, UK, USA, and Russia are the five permanent members of the United Nations Security Council.
What is free trade?
Free trade is a policy that allows imports and exports to be traded without limits. It also cuts down or lowers tariffs, duties, and taxes.
What product does Canada import the most?
Cars are the most imported product to Canada.
What does NAFTA do?
NAFTA eliminates tariffs from products traded between Mexico, Canada, and the United States
Which famous Canadian singer is from Pickering? Hint: He is known for his hit songs "Stitches" and "There's Nothing Holdin' Me Back".
Shawn Mendes is a famous Canadian singer from Pickering.