International Trade: What do you need to live?

NEEDS WANTS

International Trade: Why do nations trade?

Traditionally

Principle of Trade Create a surplus and trade surplus for

goods and services that you can not create yourself

REQUIRES:

RESULTS_______________?

International Trade1. List goods and services that you (your family)

purchases, under the headings: Food, Clothing, Entertainment, Other

2. Indicate the country or area of origin of each of the above items

3. Could Canada be self-sufficient and satisfy (your) consumer demand without importing goods and services?

4. What would be the affect on your lifestyle if Canada was to “go it alone.”

5. Hypothesize how your demands for goods and services affect Canada’s trading partners and our country.

International Trade: Canada and the world stage

1. Find Canada’s top 10 exports and imports and indicate their importance as a % of our nation’s GDP.

2. Find Canada’s top 5 trading (both exporting and importing partners and indicate what percentage of our nation’s total exports or imports are made with each country.

http://www.intracen.org/menus/countries.htm