United States & Canada Unit 1 – Economic Characteristics

What are some of the major exports of the US?  (Machinery, Electronics, Oil)  Technology/Information Systems  Foodstuff

US & Canada have highly developed infrastructures. What is INFRASTRUCTURE?  Basic structures needed to operate a society… buildings, roads, bridges, dams, electrical system, water system, etc.

US & Canada have highly diversified economies. What does that mean?  They have many different sources of income.

US & Canada have a rich supply of resources. What are some examples?  Mineral Resources  Energy Resources  Forest Resources

What does NAFTA stand for? Which countries does it include?  North American Free Trade Agreement  Canada, United States, Mexico

What is a MULTINATIONAL CORPORATION ?  A company that operates in multiple countries such as Microsoft, SAS, NetApp, Google & FedEx

The US is know as a center of WORLD FINANCIAL MARKETS. Give an example of one major financial center in the US.  New York Stock Exchange (New York)  NASDAQ (New York)  TMX Group (Toronto)

The US and Canada have experienced SUSTAINED ECONOMIC GROWTH. What does that mean?  Their economies are stable over time and continue to gain strength. That means the GDP is growing.

Due to technology, there is a growing EXPORT of US CULTURE in the global marketplace. Give some examples.  McDonald’s  Coca-Cola  Music  Blue Jeans