44c Practice

What type of economic system does Canada primarily have?

• Traditional economy

• Command economy

• Mixed economy

• Market economy

In Canada’s mixed economy, which sectors are controlled by the government?

• Banking and agriculture

• Healthcare and education

• Entertainment and retail

• Technology and fashion

Which of the following is an example of Canada's free-market elements?

• Public healthcare

• Government-owned transportation

• Privately-owned businesses

• Tax-funded education

What role does the Canadian government play in the economy?

• It fully controls all production and prices

• It provides public services and regulates businesses

• It allows businesses to operate without any regulations

• It owns all businesses and industries

Which economic activity is most important to Canada's economy?

• Manufacturing

• Oil and natural resources

• Tourism

• Agriculture

How does Canada's government support economic growth?

• By eliminating taxes

• By investing in infrastructure and innovation

• By controlling all businesses

• By reducing minimum wage laws

Which of the following best describes the role of private businesses in Canada?

• They are banned from operating freely

• They compete in a regulated market

• They are all owned by the government

• They only provide essential services

What is a key advantage of Canada's mixed economy?

• Complete government control of all sectors

• Balanced regulation and economic freedom

• No taxes for businesses

• Full reliance on private companies

Which industry is an example of government involvement in the Canadian economy?

• Private real estate

• Public healthcare

• Fast food industry

• Retail shopping

How does Canada’s economy differ from a command economy?

• The government sets all prices in Canada

• Citizens have no say in their economic choices

• Businesses operate freely with some government regulations

• There is no private ownership in Canada