Problem 1: Canadians have been called "hewers of wood, drawers of water." What does this phrase mean when it is applied to the Canadian economy? How valid is this comment for today's Canadian industries?
Problem 2: What are tariffs, and why are they used?
Problem 3: Why has international trade become less risky, costly, and time-consuming than in the past? Do you think business confidence will likely grow even more in the future?
Problem 4: What is a current or historical trade dispute between Canada and the United States? Explain the dispute's causes and the effects it had (likely to have) on Canadian-U.S trade.
Problem 5: What are three advantages and disadvantages Canada has in competing globally?
Problem 6: What is one Canadian company that expanded into international trade? Explain the benefits and disadvantages of the expansion for the company through the years.