6SW3.2.1 ARTICLE 3: Economy of Canada QUESTIONS

What type of economy does Canada operate? Mark only one oval.

• Market economy

• Command economy

• Mixed economy

• Traditional economy

Which of the following best describes 'human capital'? Mark only one oval.

• Natural resources

• People's skills and knowledge

• Government regulations

• Economic risks

What is one major industry that contributes to Canada's economy? Mark only one oval.

• Fishing

• Textiles

• Automobiles

• Technology

How much did Canada's GDP reach in 2022? Mark only one oval.

• $1 trillion

• $2.14 trillion

• $3 trillion

• $4 trillion

Which natural resource is Canada the world's largest producer of? Mark only one oval.

• Maple syrup

• Oil

• Coal

• Gold

What role do entrepreneurs play in Canada's economy? Mark only one oval.

• They reduce government control

• They contribute to economic growth

• They increase taxes

• They limit job opportunities

Which factor is NOT mentioned as influencing economic growth in Canada? Mark only one oval.

• Strong education system

• High literacy rates

• Low unemployment

• Capital goods investment

What does GDP stand for? Mark only one oval.

• Gross Domestic Product

• General Development Plan

• Global Development Program

• Gross Domestic Profit

Which sector employs over 300,000 Canadians? Mark only one oval.

• Mining

• Forestry

• Technology

• Agriculture

What is a key benefit of Canada's mixed economy? Mark only one oval.

• Complete government control

• No regulations

• Balance of freedom and regulation

• High unemployment