1.
Energy Products: crude oil, natural gas, and electricity
Minerals and Metals: gold, copper, and nickel.
Automobiles and Auto Parts: Especially to the United States.
Forestry Products: lumber and paper products.
Agricultural Products: wheat, canola oil, and seafood.
2. Agricultural; fishing, hunting, trapping; foresty and logging; energy, minding
3.
Pros: Help companies reduce transportation costs and tariffs, create jobs and stimulate local economies.
Cos: Profits may be sent back to the home country, limiting local economic benefits, host country may become overly reliant on foreign companies.
4. Schools, shopping stores, bank, clinics, hospitals
5. Absolute advantage refers to being the most efficient producer, while comparative advantage is about producing goods at the lowest opportunity cost.
6. To focus on producing goods where it has a comparative advantage, leading to greater overall economic benefits