Canada Economy

What type of economy does Canada Have?

• Market
• Command
• Traditional
• Mixed

Natural resources are:

• man made
• "gifts of nature"
• synthetic
• There is no such thing

Canada has many natural resources including:

• Petroleum
• Lumber
• Minerals
• All of the above

Arable land is:

• Bad
• Good for growing crops
• Polluted
• None of the above

Gross Domestic Product is a good indicator of:  

• How many people can read
• How many people can drive
• How wealthy a country is
• How many people are handicapped

WHAT ARE THE 4 FACTORS OF PRODUCTION?

• Land, Capital, Need & Want

• Land, Labor, Capital, Entrepreneurs

• Water, Air, Food & Shelter

• Land, Capital, Good & Service

A garbage truck driver is an example of which Factor of Production?

• labor
• land
• entrepreneurship
• capital

This factor involves money, equipment, and tools and any items to produce goods and services?

• capital

• entrepreneur

• land

• labor

What are the three economic questions?

• What to produce? How to produce? For whom to produce?
• Who to produce? Why you produce? Like to produce?
• Why to produce? Tell who to produce? Things to produce?

The most important measure of economic growth is... 

• GNP
• GNC
• DDP
• GDP