Chapter 9 Review BBB4M

What is one of the primary reasons Canadian banks are considered competitive internationally?

• They have fewer regulations
• They are smaller than American banks
• They have greater reserves than many competitors
• They focus solely on domestic markets

How does Canada's cultural industry contribute to its economy?

• By employing unskilled workers
• By providing limited growth opportunities
• By exporting cultural products
• By focusing only on local markets

What is a tax credit?

• A type of loan
• A sum that can be deducted from the amount of tax owed
• A government grant
• A penalty for tax evasion

Which Canadian company is highlighted as a success story in the technology sector?

• Royal Bank of Canada
• Research In Motion (BlackBerry)
• Scotiabank
• CIBC

What is one of the benefits of attracting foreign investment to Canada?

• It decreases economic activity
• It brings new technology
• It reduces competition
• It limits job creation

Which of the following is a factor that makes Canada attractive to foreign investors?

• High corporate tax rates
• Unstable economy
• Supportive business environment
• Limited access to markets

What does the Smart Border Accord facilitate?

• Increased tariffs
• Cross-border flow of travelers and goods
• Immigration restrictions
• Reduction of trade agreements

Which of the following is a characteristic of Canada's workforce?

• Low education levels
• High levels of temporary employment
• Lack of technical skills
• Limited cultural diversity

What does the Human Development Index (HDI) measure?

• Economic growth
• Cultural diversity
• Health, education, and standard of living
• Environmental sustainability

How can Canadian companies improve their productivity?

• By reducing investment in technology
• By increasing foreign investment
• By limiting corporate innovation
• By avoiding downsizing