U.S. & Canada Week #2 Virtual Lesson Review

Both the U.S. and Canada are

• command economies.

• market economies.

• both of the above.

• neither of the above.

Why have the number of farms declined in the U.S. and Canada since 1950?

• High cost to farm

• Risk of natural distasters

• Time and hard work required for farming

• All of the above

Postindustrial economies

• are NOT found in the U.S. and Canada.

• have less emphasis on heavy industry and traditional manufacturing.

• place an emphasis on agriculture.

• all of the above.

75% of Americans and Canadians are employed in

• agriculture.

• manufacturing.

• the service industry.

• all of the above.

Which is NOT a service-industry job?

• Teacher

• Doctor

• Banker

• Steel manufacturer

The headquarters of high-tech industry in the U.S. is found at

• Silicon Valley.

• the Great Lakes.

• the Rust Belt.

• Northeast.

The U.S. and Canada spend more on imports than they earn for their exports, so both countries have a

• trade surplus.

• trade deficit.

• both of the above.

• neither of the above.

Which vocab term is described here: When various countries' economies are interconnected and dependent on one another for goods and services

• postindustrial economy

• global economy

• market economy

• command economy

Free trade

• adds trade restrictions.

• adds tariffs to imported goods.

• is demonstrated in agreements like NAFTA & the USMCA.

• decreases economic activity.

Taxes added to imported goods are

• tariffs.

• free trade agreements.

• examples of the global economy.

• exports.