Canada Review

In a market economy, prices are NOT established by

• Consumers and labor unions.

• Government agencies.

• The interaction of supply and demand.

• Businesses which buy and sell the products.

In a command economy, how is it determined what goods and services will be produced?

• Businesses decide what to produce on the basis of market conditions.

• Consumers decide through their behavior in the marketplace.

• Central government planning decides what will be produced.

• Supply and demand control production and price.

The higher a country's economic development, the   

• Higher the literacy rate.

• Lower the life expectancy.

• Higher the urban population.

• Higher the infant mortality rate.

How does specialization encourage trade between countries?

• Citizens are better educated.

• Countries who specialize make more money.

• Citizens who specialize are happier than those that don’t.

• Countries can trade for those items they don’t produce themselves.

People of French heritage in the Canadian province of Quebec would support

 

• Quebec's independence from the rest of Canada

• The American intervention in Iraq and Afghanistan.

• Laws to strengthen alliances with the United States

• Increased oil drilling along the St. Lawrence River

Because Canada is a parliamentary democracy, its political leader

• Is elected by the majority of the popular votes of its citizens.

• Is whoever the eldest child of the current reigning monarch is.

• Is chosen by the party with the majority of members in the legislature.

• Is elected by an electoral college chosen by the unicameral legislature.

Why is it important for Canada to invest in human capital?

• Canada needs money in order to pay its workers.

• Businesses cannot do all the training needed by workers to be successful.

• Workers enjoy getting extra training and job opportunities.

• Canada’s economy is more successful when workers have good education and health care

These items are describing what type of government system? 

· Is ruled by a head of government and a head of state

·Often has a bicameral legislative branch

· United Kingdom and  Canada are examples

• confederation

• parliamentary

• oligarchy

• presidential

Canada is building new factories and using newer technology. These are examples of

• literacy rates

• investment in capital goods

• foreign exchange

• investment in human capital

Supporters of the Quebec separatist movement seek sovereignty for Quebec. This means that they want  

• The right of self-government.

• A political union with the United States.

• An economic union with the rest of Canada.

• Quebec to serve as the political capital of Canada.