Short Answer

2. What are the ways to increase productivity in Canada?

Canada can increase productivity by investing money into equipment and machines, expanding Canadian investment in foreign countries and by spending more money on science and technology.
3. Who are the losers/winners if the value of Canadian dollar increases (decreases)?

• Importers win as they get cheaper foreign goods and travellers can travel cheap so they win. Losers would be exporters as it becomes hard to sell Canadian goods, and the tourism industry as Canada becomes more expensive. (If the dollar goes up)

• If the dollar goes down it switches around. 

4. What is the difference between centralized and decentralized marketing strategy?

Centralized means the HQ makes all marketing choices worldwide. 

Decentralized means its more culture centred to the region.
5. What is the difference between monochronic and polychronic meetings?

Monochronic meetings mean being on time focused on one task at a time, while polychronic can focus on multiple tasks at once, and is more flexible.
6. What is the difference between a market economy and a centrally-planned economy?

Market economy is a capitalist economy where businesses are separate from the government while a centrally planned economy is when the profits belong to the government.
7. What is the difference between culture and counterculture? Give an example for each.
Culture is knowledge and practices passed down by a group of people over time while counterculture opposes the mainstream values, an example of counterculture is the hippie movement.