Canada's Economy

Which of the following would reflect Canada’s mixed economy?

• Prices and wages are solely regulated by the country’s government.

• A combination of privately-owned businesses and government regulations.

• The country’s distribution of resources is based on inheritance.

• All economic decisions are based on customs and beliefs of ancestors.

Match gross domestic product (GDP) with the situation in Canada:

• Canada has a high GDP per capita and a high standard of living.

• Canada has a high GDP per capita and a low standard of living.

• Canada has a low GDP per capita and a high standard of living.

• Canada has a low GDP per capita and a low standard of living.

Which of the letters best represents Canada in the economic continuum above?

• A

• B

• C

• None of the above

true or false

Canada has one of the best economy

• no

• false

• yes

• true

• maybe

what type of economy is Canada?

• command

• market

• mixed

• traditional

What type of economy does Canada have?

• traditional

• command

• market

• mixed

Some Inuit tribes in northern Canada use bartering to trade and practice which type of economy?

• Traditional

• Command

• Market

• Mixed

Which sector contributes the most to Canada's GDP?

• Agriculture

• Manufacturing

• Service

• Mining

What is the currency used in Canada?

• Canadian Dollar

• US Dollar

• Euro

• British Pound

Which Canadian province is the largest producer of oil and gas?

• Ontario

• Quebec

• Alberta

• British Columbia