Unit 7 Test

Why do some residents of Quebec want the province to become independent from Canada?

• They think that the province should join the United States.

• They want to preserve their province's language and culture.

• They do not like Canada's parliamentary system of government.

• They believe that other Canadians do not pay a fair share of taxes.

Which country MOST LIKELY has a high gross domestic product?

• a country that does not trade with other countries

• a country that saves by not investing in human capital

• a country whose territory contains valuable natural resources

• a country where the government makes all economic decisions

What factor contributes the MOST to the natural resource wealth of Canada?

• the high level of entrepreneurship in the country

• the large amount of territory the country controls

• the high rate of literacy among the country's population

• the location of the country in relation to the United States

How would quotas help Canadian goods better compete with similar foreign goods in Canadian markets?

• by limiting the availability of the foreign goods

• by improving the quality of the Canadian goods

• by artificially lowering the prices of domestic goods

• by increasing production levels for Canadian goods

How would tariffs help Canadian goods better compete with similar foreign goods in Canadian markets?

• by limiting the availability of the foreign goods

• by raising the prices of the foreign goods for consumers

• by improving the quality of the Canadian goods

• by increasing production levels of the Canadian goods

Under the Clinton administration, the United States entered into a trade agreement with Mexico and Canada. What was the purpose of this agreement?

• to encourage the production of oil resources in North America

• to protect the domestic agriculture industry in the United States

• to reduce economic barriers to trade between the three countries

• to promote the nationalization of major industries in the countries

Which nation features a government that is both a constitutional monarchy and a parliamentary democracy?

• Brazil

• Canada

• Mexico

• United States

Argentina peso 5.36

Brazil real 1.00

Canada dollar 0.39

Mexico peso 5.80

Which country's currency is worth the LEAST?

• Argentina

• Brazil

• Canada

• Mexico

Argentina peso 5.36

Brazil real 1.00

Canada dollar 0.39

Mexico peso 5.80

Which country's currency is worth the MOST?

• Argentina

• Brazil

• Canada

• Mexico

Key exports of Canada: coffee, sugar, soybeans, poultry meat

Key exports of Brazil: timber, aluminum, electricity, natural gas, wheat

Based on the information above, 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.