TAILIEUCHUNG - Lecture Understanding economics (2nd edition): Chapter 16 - Mark Lovewell, Khoa Nguyen

In this chapter, you will: Learn about Canada’s foreign trade, trade relationships, and trading patterns; analyze the case for trade, based on absolute and comparative advantage; examine the impact of trade protection and the arguments for and against it; Learn about Canada’s trade policies from its beginnings as a country of recent international trade arrangements. | Understanding Economics Chapter 16 Foreign Trade Copyright © 2002 by McGraw-Hill Ryerson Limited. All rights reserved. 2nd edition by Mark Lovewell and Khoa Nguyen Chapter Objectives In this chapter, you will: learn about Canada’s foreign trade, trade relationships, and trading patterns analyze the case for trade, based on absolute and comparative advantage examine the impact of trade protection and the arguments for and against it Learn about Canada’s trade policies from its beginnings as a country of recent international trade arrangements Copyright © 2002 by McGraw-Hill Ryerson Limited. All rights reserved. * The Importance of Trade (a) Canada has shown a heavy reliance on trade, with exports representing 41% of its GDP. When compared with other countries, Canada’s exports are a higher proportion of GDP than is average for the world’s countries, including Japan and the US. Some small industrialized countries, such as Belgium, have a higher reliance on foreign trade than does .

• Kinh tế học
• Understanding economics
• Lecture Understanding economics
• Economic problem
• Economic systems
• Foreign trade
• Canada’s trade patterns
• Reading and understanding economics
• Fiscal policy
• The international business environment
• Financial markets
• Financial institutions
• Featuring the demise
• National income accounts
• Gross Domestic Product
• Consumer price index
• Inflation’s effects
• Economic fluctuations
• Aggregate demand
• Stabilization policies
• Functions of money
• Money supply
• Monetary policy
• Expansionary monetary policy
• The foreign sector
• Balance of payments accounts
• Economic growth
• Growth strategies
• Production possibilities model
• Production possibilities curve
• The demand curve
• The supply curve
• Inelastic demand
• Revenue changes
• Costs of production
• Productive efficiency
• Perfect competition
• Market structures
• Imperfect competition
• Monopolist’s demand
• Demand for resources
• Competitive labour market
• Income distribution
• Income inequality
• Introducing economics
• The economics
• Competition policy in action
• Market failure
• Government intervention
• Understanding business
• The dynamic business environment
• Taking risks
• Global markets
• Demanding ethical
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• Master Thesis in Economics
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• Manufacturing Engineers
• Risk Management
• The Value Of Risk Management
• The Pharmaceutical Industry
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• Economic Crisis
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• Natural Systems
• Understanding Transformations
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• conservation biology
• ecological economics
• environmental policy
• The economics of money
• Financial system
• Understanding interest rates
• The stock market
• Rational expectations
• The efficient market hypothesis
• Financial crises