BBB4M: CHAPTER 9 + 10 with
complete solutions
Productivity - correct answer ✔✔The amount of output w/ respect to the amount of input.
Input includes capital, raw materials, labor & innovation. It is measured by GDP per capita
Subprime Mortgage - correct answer ✔✔A type of mortgage granted to borrowers with lower
credit ratings who would not normally be able to qualify for conventional mortgages. (Subprime
mortgages often charge higher interest rates than conventional ones due to a higher-than-
average risk of defaulting on their loans)
Collateral - correct answer ✔✔An asset used to guarantee a loan
Foreclosure - correct answer ✔✔The legal process through which an owner's right to their
property is terminated, usually because they have failed to pay back their mortgage
Sustainability - correct answer ✔✔The collective effort, both locally and globally, to meet the
needs of the present generation without destroying the ability of future generations to meet
their needs
Duty-free - correct answer ✔✔Items that are non-restricted items made within the borders of a
country that has signed a free trade government with Canada
Describe Canada's banking industry - correct answer ✔✔- Industry is dominated by the "Big 6"
(RBC, TD Bank, CIBC, National Bank, BMO & Scotiabank)
- Canada's banking system is tightly regulated by the federal government to offer stability
Canada has profitably exported its banking expertise around the world.
, - Scotiabank has more than 2,000 branches in 50 countries.
Describe Canada's cultural industry - correct answer ✔✔- Includes publishing, theatre, visual
art, music & film
- Provides employment for skilled workers
- Is a growth industry: Canada exports of cultural products doubled between 1997 and 2006.
- "Hollywood North"- film industry in Toronto & Vancouver
Describe Canada's technology industry - correct answer ✔✔- One of Canada's great success
stories is the Blackberry, developed by Waterloo-based Research in Motion
- Canada also has a strong software and digital media industry- focused on business solutions,
gaming, special effects, animation & simulation products for entertainment and health
industries.
- Other leading industries in Canada include: chemicals, plastics, environmental technologies,
aerospace, engineering, medicine, logistics
Why do some countries seek foreign investment? - correct answer ✔✔- Increases economic
activity
- Brings in new technology
- Increases & improves productivity
- Forces domestic companies to become more competitive
- Provides employment
- Forces domestic companies to become more competitive
What are some of the disadvantages of foreign investment - correct answer ✔✔- Detracts from
a country's identity
- The profits earned by foreign-owned companies do not stay in the host country
complete solutions
Productivity - correct answer ✔✔The amount of output w/ respect to the amount of input.
Input includes capital, raw materials, labor & innovation. It is measured by GDP per capita
Subprime Mortgage - correct answer ✔✔A type of mortgage granted to borrowers with lower
credit ratings who would not normally be able to qualify for conventional mortgages. (Subprime
mortgages often charge higher interest rates than conventional ones due to a higher-than-
average risk of defaulting on their loans)
Collateral - correct answer ✔✔An asset used to guarantee a loan
Foreclosure - correct answer ✔✔The legal process through which an owner's right to their
property is terminated, usually because they have failed to pay back their mortgage
Sustainability - correct answer ✔✔The collective effort, both locally and globally, to meet the
needs of the present generation without destroying the ability of future generations to meet
their needs
Duty-free - correct answer ✔✔Items that are non-restricted items made within the borders of a
country that has signed a free trade government with Canada
Describe Canada's banking industry - correct answer ✔✔- Industry is dominated by the "Big 6"
(RBC, TD Bank, CIBC, National Bank, BMO & Scotiabank)
- Canada's banking system is tightly regulated by the federal government to offer stability
Canada has profitably exported its banking expertise around the world.
, - Scotiabank has more than 2,000 branches in 50 countries.
Describe Canada's cultural industry - correct answer ✔✔- Includes publishing, theatre, visual
art, music & film
- Provides employment for skilled workers
- Is a growth industry: Canada exports of cultural products doubled between 1997 and 2006.
- "Hollywood North"- film industry in Toronto & Vancouver
Describe Canada's technology industry - correct answer ✔✔- One of Canada's great success
stories is the Blackberry, developed by Waterloo-based Research in Motion
- Canada also has a strong software and digital media industry- focused on business solutions,
gaming, special effects, animation & simulation products for entertainment and health
industries.
- Other leading industries in Canada include: chemicals, plastics, environmental technologies,
aerospace, engineering, medicine, logistics
Why do some countries seek foreign investment? - correct answer ✔✔- Increases economic
activity
- Brings in new technology
- Increases & improves productivity
- Forces domestic companies to become more competitive
- Provides employment
- Forces domestic companies to become more competitive
What are some of the disadvantages of foreign investment - correct answer ✔✔- Detracts from
a country's identity
- The profits earned by foreign-owned companies do not stay in the host country
