Market Economy and Currency Quiz

In a market economy, prices are established by

• consumers and labor unions.

• decree of government agencies.

• the interaction of supply and demand.

• businesses which buy and sell the products.

The price of one nation's currency in terms of another nation's currency is called

• fiscal policy.

• monetary policy.

• the exchange rate.

• the discount rate.

• inflation rate.

Canada has developed policies to directly address its problems with acid rain and pollution. Acid rain and pollution are examples of

• education issues.

• immigration issues.

• environmental issues.

• economic issues.

• national security issues.

Many people who live in Quebec are part of a movement that seeks

• to have French made the official language.

• to change Canada's name to New France.

• to gain independence from Canada.

• to become a province of France.

• to become a part of the United States.

Which of these BEST explains why most of Canada's population has settled near its border with the United States?

• The climate is milder and more suitable for living.

• The border is heavily guarded.

• There are more mountains in the north.

• The United States requires it.

The PRIMARY obstacle to population growth in the area known as the "Canadian Shield" is that

• the area is mostly rock and not good for farming.

• the climate cannot support adequate human activity.

• the area is rich in mineral resources.

• it lies mostly in an arctic zone.

Nearly 90% of Canada's population lives

• in the province of Quebec.

• beside the St. Lawrence waterway.

• along the west coast of British Columbia.

• within 100 miles of the border of the United States.

The yellow highlighted area represents the geological formation known as

• the Frozen Tundra.

• the Canadian Shield.

• the Rocky Mountains.

• the Adirondack Mountains.

North America is bordered to the east by the Atlantic Ocean, which is shown by the number

• 1

• 2

• 3

• 4

If consumers increase their purchases of goods and services, then a likely outcome for our economy is

• rising GDP.

• rising unemployment.

• decreasing factory orders.

• slowing economic growth.