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Last 3 are fun facts :)
100
True or False: If demand is high, the price of the product will be low
What is False
100
Economic activity includes exchanging goods but not services
What is False
100
Items or products made in one's own country:
What is Domestic Goods
100
A level of want for a particular product:
What is Demand
100
Who is Canada's largest trading partner?
What is the USA
200
What does NAFTA stand for?
What is North American Free Trade Agreement
200
What is knowledge that is applied to practical uses called?
What is Technology
200
A tax place on goods entering or leaving the country:
What is a Tariff
200
An article that is bought and sold:
What is Commodity
200
Name 1 item Canada exports
What is cars, wheat, oil
300
Items or products shipped to other countries:
What is Exports
300
Items or products that come from another country?
What is Imports
300
A quantity of a particular product that is available to buy:
What is Supply
300
To exchange a product for another product:
What is Barter
300
What is Mr. Farrace's middle name? (hint it starts with the letter J and can be found in the bible)
What is Joseph (I'm holy)
400
Prince Edward Island is very famous for producing this product:
What is the potato
400
What is a governmental organization? give an example
What is international groups where a country is represented by a member chosen by their government. Example the United Nations (UN)
400
What does non-governmental organization mean?
What is not connected or appointed by government
400
Name an item Canada imports
What is cars, technology, fruits (answers may vary)
400
What three sports did I play growing up?
What is 1) Hockey 2) Soccer 3) Baseball
500
A person or company that sells goods at lower prices and in quantity to a retailer
What is a wholesaler
500
A person or company that sells directly to the public
What is a retailer
500
List 3 out of the 5 characteristics Canada looks for in a trading partner
What is 1) Large markets 2) Stable economy 3) Resources 4) Science + Innovative technology 5) Relationships with other countries
500
Name and describe 2 out of the 4 resources needed for a successful business (short form is allowed)
What is 1) Land- on which the business is done 2) Labour- people who work; their knowledge + skills 3) Technology- knowledge applied to practical uses, new idea + machines 4) Capital- accumulated wealth (money/property)
500
What NHL hockey player, used to play but sill sponsors a team in my ball hockey league? (hint he currently plays on the leafs and is from Toronto)
What is David Clarkson