1. Net exports is calculated by subtracting imports and exports. What factors would affect net exports?

2. Conduct some research and determine the trade balance between Canada and the rest of the world.

3. The world is more interconnected than ever before. Even though Canada does not have a large trade volume with India (exports to India of $3.31B and imports of $3.96B), one of Canada's main trading partner, China, does have a healthy trade volume with India. Why would Canada be concerned about the health of India's economy?

4. Canada has a number of trade agreements with countries and trading blocs around the globe. How do trade agreement foster increased trade?