SS6E4 Quiz on Canada's Economy

In the Canadian economy private property rights are respected and there is limited government control of economic activity. Based on this description, where would the Canadian economy be placed along the economic continuum?

• Point A

• Point B

• Point C

• Point D

What does the government do in a command economy?

• It promotes economic freedom

• It makes major economic decisions

• It encourages entrepreneurship

• It helps the private sector grow

How are the economies of Canada, Mexico, and the United States similar or different?

• Canada is a pure market economy, while Mexico and the United States are mixed economies.

• Canada is a pure command economy, while Mexico and the United States are mixed economies.

• All are mixed economies, but Canada is more market-oriented than either Mexico or the United States.

• All all are mixed economies, but Canada is more command-oriented than either Mexico or the United States.

Which numbered section of the diagram represents countries whose economies are primarily market-based?

• 1

• 2

• 3

• 4

Which country in the diagram has the LEAST free economy?

• Cuba

• Mexico

• Canada

• United States

Why type of economy does the description MOST resemble?

• command economy

• mixed economy

• market economy

• traditional economy

Which country in the diagram has the MOST free economy?

• Cuba

• Mexico

• Canada

• United States

If there was 60% government control and 40% market control in your economy, which point would you be at?

• Point A

• Point B

• Point C

• Point D