Canadian Economy and Government Quiz

Liam lives in Canada and wants to start a business of his own. What is MOST LIKELY true of his efforts?

• It will be relatively easy for Liam to start a business.

• The government will not allow Liam to start a business.

• Liam must work for the government in order to start a business.

• Residents of Liam's city must vote on whether he can start a business.

What role do the citizens have in choosing Canada's leader?

• They do not have a role in choosing the leader

• They are allowed to elect the leader directly

• They are able to elect members of Parliament who then choose a leader

• They are able to make requests to the Governor General, who then selects the leader

What is the relationship between literacy rates and economic growth?

• Countries with high literacy rates have lower rates of immigration, which leads to economic decline.

• Countries with high literacy rates spend heavily on public education, which leads to economic decline.

• Countries with high literacy rates have more productive workforces, which leads to economic growth.

• Countries with high literacy rates produce all goods that the country needs, which leads to economic growth.

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 increasing production levels for Canadian goods

• by lowering the prices of domestic goods

Which statement BEST describes Canada's economy?

• Canada barters goods with other countries so it does not have to exchange currencies.

• Canada is able to produce all of the goods and services that the country's citizens demand.

• Canada focuses on producing the goods it can make efficiently and trades for goods that it cannot.

• Canada controls prices and wages and makes all major economic decisions through its government.

Which of the following describes Canada's government?

• Presidential Democracy & Constitutional Monarchy

• Parliamentary Democracy & Constitutional Monarchy

• Parliamentary Democracy & Absolute Monarchy

• Presidential Democracy & Absolute Monarchy

What would be the best example of Canada investing in capital goods?

• Canada investing in free health care for its citizens

• Canada providing free community college for its citizens

• Canada allowing citizens opportunities to create their own businesses

• Canada making sure its mining equipment in the Canadian Shield is of the highest quality

Canada's literacy rate is 99%. Which of the following statements does NOT apply to Canada based on that literacy rate?

• Canada invests in human capital

• Canada has a high standard of living

• Canada has a high GDP

• Canada has a low standard of living

Which of the following is MOST dependent on the ability to exchange currencies?

• investing in capital goods

• encouraging entrepreneurship

• protecting domestic industries

• engaging in international trade

Why would limited access to natural resources slow economic growth?

• It leads countries to encourage immigration.

• It leads countries to import needed resources.

• It leads countries to adopt command economies.

• It leads countries to invest more in human capital.