Economic Development of Canada

In Canada, which group has the MOST influence over which goods and services are produced?

• Canadian consumers

• the Parliament of Canada

• the prime minister's cabinet

• Canadian business leaders

In which two countries on the diagram would it be EASIEST for a person to start his or her own business?

• Canada and the United States

• Cuba and Mexico

• Canada and Mexico

• the United States and Cuba

Canada is a part of many international agreements and organizations. Which of them has had the GREATEST effect on the growth of the Canadian economy in the past few decades?

• the International Monetary Fund

• the North American Free Trade Agreement

• the North Atlanta Treaty Organization

• the United Nations

Canada is a part of many international agreements and organizations. Which of them has had the GREATEST effect on the growth of the Canadian economy in the past few decades?

• IMF

• NAFTA

• NATO

• UN

Based on the table, which statement about economic activity in these two nations is correct?

• Brazil is able to produce coffee efficiently and Canada is able to produce timber efficiently.

• It is very expensive for Brazil to produce sugar and very expensive for Canada to produce wheat.

• Poultry production is not profitable for Brazil and aluminum production is not profitable for Canada.

• Brazil often experiences shortages of soybeans and Canada often experiences shortages of natural gas.

Based on the table, which conclusion can be drawn?

• Both Canada and Brazil invest heavily in capital goods needed for the agricultural industry.

• Canada and Brazil would make good trading partners because they specialize in different goods.

• Both Canada and Brazil have traditional economies since they do not rely heavily on manufacturing.

• Canada and Brazil are able to meet their populations' demands because they produce many goods.

In which situation would the Canadian government MOST LIKELY impose an embargo on a foreign country?

• A. if the country posed a threat to the security of Canada

• if the country specialized in the same goods as Canada

• if the country used a different form of currency from Canada

• if the country removed restrictions on immigration from Canada

Liam lives in Canada. He and his family are going on vacation to New York City. They will fly into a major airport and then take a taxi to meet Liam's aunt in the city. As they prepare for the trip, Liam's mom goes to a bank in Canada so that she will be prepared to pay for the taxi. What is she MOST LIKELY doing?

• requesting a passport from Canada

• applying for citizenship in the United States

• withdrawing a large amount of Canadian money

• exchanging Canadian money for US money

How has the North American Free Trade Agreement increased trade between the nations of Canada, Mexico, and the United States?

• by reducing tariffs

• by imposing quotas

• by establishing embargoes

• by prohibiting foreign investment

How has Canada's investment in human capital MOST LIKELY affected the country?

• Canada's government has placed limits on trade with other countries.

• Canadian citizens have equal access to educational opportunities.

• Canadian citizens enjoy a relatively high standard of living.

• Canada's economy is heavily dependent on agriculture.