1. Summarize the 3 main reasons for international trade.

-Some countries specialize in certain products/services, so they can trade them to

countries which don’t;
-Certain countries have goods available that other countries don’t have access to,
so they give other countries access to them;
-Some countries can produce goods/services at a cheaper price than other
countries so countries prefer to buy these from them.

2. What are the 4 factors that influence international trade between countries?

Geographic, political, economic, and cultural factors can influence trade between
countries.

3. Describe 2 main benefits of international trade.

When a country exports to other countries it increases the amount of goods a

country produces, which in turn creates jobs and income for people in the country
that is doing the exporting.

4. Describe 1 advantage that Canada has in the area of international trade.

5. Describe 1 advantage that Canada has in the area of international trade.

6. Based on the article, explain who you think Canada’s main trading partner is, and
why.

7. Based on the article, give 2 reasons why Canada would want to trade with a
developing country.

8. In what ways do you think international trade could improve a country’s

economy? Why?