Canada's Economy and Government

What type of economy does Canada have?

• traditional

• command

• market

• mixed

Which describes a parliamentary democracy type of government?

• People vote directly for a leader.
• People vote for representatives who choose from among themselves a prime minister.
• People vote.
• One person is in control.

How would a free market economy be described?

• An economy in which decisions are made by the government.
• The international exchange of goods.
• An economy based on supply and demand with little or no government control
• An economy that is communist

Which is the best definition of a Command economy?

• Decisions are made based on the prices set by buyers and sellers.

• Decisions are made based on the history of the country.

• Decisions are made by the government.

• None of the above.

Some Inuit tribes in northern Canada use bartering to trade and practice which type of economy?

• Traditional

• Command

• Market

• Mixed

When Canada’s government puts a limit on how much American wheat and barley it will import this year, it is imposing which type of trade barrier?

• Embargo

• Tariff

• Quota

• Opportunity Cost

Canada charges special taxes on U.S. cheese and butter brought across the U.S.-Canadian border. What type of trade barrier is this?

• Embargo

• Tariff

• Quota

• Opportunity Cost

In Canada's Government, The Prime Minister serves as the Head of Government while its Head of State is appointed by the Monarch of Great Britain because...

• Canada is a member of the French Commonwealth

• Canada is a member of NAFTA

• Canada is a member of the British Commonwealth

• Canada is member of the United Nations

The US is Canada's #1 trading Partner. This is because...

• Canada is a very friendly country

• Its proximity to the US allows for easier movement of goods and services

• They both specialize in industries that support international trade

• All the Waffle Houses in America import their Maple Syrup from Canada

Canada is a member of several international organizations. Which one has had the GREATEST effect Canada's economic Growth?

• the United Nations (UN)

• the North Atlantic Treaty Organization (NATO)

• the International Monetary Fund (IMF)

• the North American Free Trade Agreement

  (NAFTA)