Canada Quiz

What does the government do in a command economy?

• It makes major economic decisions

• It encourages entrepreneurship

• It promotes economic freedom

• It helps the private sector grow

Which country in the diagram has the LEAST free economy?

• Cuba

• Mexico

• Canada

• United States

What type of economy does the description MOST resemble?

• mixed economy

• command economy

• market economy

• traditional economy

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

What is GDP per capita?

• the measurement of the annual income of citizens in a country.

• the spent money or a resource for some benefit in the future.

• how two or more things are connected.

• a calculation of what a nation is worth.

What can raise the GDP of a country?

• Tariffs and Banking

• imports and exports

• picking trade partners

• Investing in education and training of the workforce

Output per person, calculated as real GDP divided by the total population.

• GDP/Capita

• GDP

• Productivity  

• Investment 

What are the 4 natural resources?

• Land, Labor, Capital, Entrepreneurship

• Entrepreneurship, Natural resources, Human resources, Capital resources

• people, trees, machines, sun

• weather, trees, dirt, people

The _________________ the county's GDP, the better the standard of living.

• lower

• higher

• Entrepreneurship

• natural resources

What are examples of natural resources?

• Water

• Trees

• Soil

• All of the above