Explain, using examples, why Canada is a mixed economy.

Why are most democracies market economies?

1. Choose the most appropriate definition for each of the following terms: /16 (K) ix. i. ii. iii. x. xi. iv. xii. Exchange Rate Direct foreign investment Exporting Goods Importing Interdependence International business Competitive Advantage Portfolio investment Primary industries Products Protectionism Self-sufficiency Services Tariff Opportunity Cost V. xiii. vi. xiv. vii. XV. viii. xvi. b. c. d. e. f. h. Activities that individuals or groups perform to assist other individuals, organizations, or companies Agriculture, fishing and trapping, forestry and logging, energy and mining Buying a share of a foreign company but not having a controlling interest or say in the running of the company Buying goods or services from another region or country Control or own production, distribution, services, or other facilities outside the country in which they are based Include both goods and services The potential benefit and cost of an opportunity The condition where a company/country has superior success and characteristics compared to others The rate at which one currency is traded for another. Selling goods or services to another region or country The ability to provide for all of your needs without relying on anyone else The reliance of two or more groups on the actions of one another to fulfill needs Using tariffs and duties to impede imports of foreign goods to protect domestic producers Activities needed to create, ship, and sell goods and services from a business in one country to a business in another country Raw materials, semi-manufactured items, manufactured merchandise i. j. k. I. m. n. 0