Economic principles: Economic problem, opportunity cost , decision making, opportunity cost , limited resources , standards of living, distribution, production, choice, macro, employment, consumption, Government, industrial and social, public goods, stabilize, economic growth, wants

The article discusses the current situation where the government of US has demonstrated its unwillingness to grant the government of Canada a go ahead with its plan to put up a pipeline linking it with Asia. Canada has seen a potential market in Asia where it can export its oil products and be able to achieve financial security.

The situation between the US president and the prime minister and minister of energy of Canada has elements of an economic problem. The Government of Canada’sdecision to lay a pipeline to the Asia continent is based solely on the expected returns from the ready market available in China. On the other hand, the US government considers the decision malicious and likely to jeopardize its economy.