Canada Review

Front

How would it affect trade in Canada if the St. Lawrence Seaway was impassible year-round?

Back

Canada’s economy would decline due to lack of trade worldwide.

Front

What features of the Canadian Shield region affect Canada’s economy?

Back

rich in natural resources.

Front

How does Canada's strategic position (location) in North America affect trade?

Back

It allows for an easier movement of goods and services between other countries.

Front

Canada exhibits a large amount of acid rain in its surrounding areas. What concerns do Canadians have about the consequences of acid rain in their area?

Back

Acid rain kills fish and eats away at the surfaces of buildings.

Front

What 3 economic questions are asked when studying the similarities of a traditional, command and market economy among nations of the world?

Back

What to produce, how to produce, and for whom to produce?

Front

Which of the following explanations would reflect a country with a mixed economy (i.e., between a pure market and pure command)?
Options:
Prices and wages are solely regulated by a country’s government.
A combination of privately owned industry and government control.
A country’s distribution of resources is based on inheritance.
Prices and wages are determined by the laws of supply and demand rather than being regulated by a country’s government.

Back

A combination of privately owned industry and government control.

Front

Which of the following statements is the BEST example of a command economy? Anyone can easily start a company to sell goods. Anyone can make a profit from hard work. The government controls the economy. Traditional foods are gathered for sale.

Back

The government controls the economy.

Front

The BEST definition of “market economy” is

Back

An economy where free markets determine what gets manufactured and sold.

Front

Rank the trade barriers in order from least-restrictive to most restrictive: Embargo, quota, tariff

Back

Tariff, quota, embargo

Front

Which body of water is labeled number 3 on the map?

Back

Hudson Bay