Lesson 4.3 - Exchange Rate Regimes and Their Influence on Terms of Trade
Demonstrate an understanding of exchange rate regimes (i.e., fixed, managed, and floating exchange rates) and how they influence the terms of trade.
Undaestand trade models and practices
Students to complete this after you've finished all activities/tasks in today's lesson.
Assessment- Answer the thinking questions
Critical Thinking Questions:
● How has globalization facilitated the international reach of agribusiness? What impact has this had on smaller local producers and consumer choice?
● Do the benefits of outsourcing manufacturing to developing countries outweigh the potential job losses in developed nations?
● How does the increasing availability of inexpensive consumer goods produced offshore affect local economies and communities?
How have natural disasters impacted the Canadian economy, and what measures can the government take to mitigate these effects?
What are the short- and long-term consequences of global recessions for Canada's economic stability?
How might Canada respond to the increasing international debt crisis, and what are the risks and rewards of such responses?
What criteria were used by the Canadian government to justify bailing out auto manufacturers in 2009? How effective was this intervention in protecting Canadian jobs?
What are the long-term implications of Canada's reliance on oil exports from the Middle East, and how can Canada address these geopolitical risks?
How effective do you think boycotts are in changing business practices, particularly in large multinational corporations?
Do you think social media can increase the impact of social movements such as the “buy local” movement or boycotts? Why or why not?
How effective have movements like Idle No More been in raising awareness about global environmental issues?
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