The Stagnating Economy of Canada | Economics Explained

The video explores Canada's economic challenges, highlighting its geographical advantages and issues like lower productivity compared to the US. It discusses the impact of capital investment, talent migration, and housing affordability on Canada's economy. Despite these challenges, Canada remains a significant global economy. The video concludes with Canada's economic ranking and performance on a national leaderboard.

What is one of the main reasons Canada is considered to be facing economic challenges?

• High standard of living

• Advanced financial system

• Macroeconomic issues

• Proximity to the US

How does Canada's geographical position both benefit and challenge its economy?

• It is surrounded by hostile nations

• It has access to major oceans but a concentrated population

• It is isolated from major trade routes

• It has a large population spread evenly

What is a significant factor contributing to the productivity gap between Canadian and American workers?

• Higher taxes in Canada

• More working hours in the US

• Better weather in the US

• More holidays in Canada

What is considered a key element that can enhance productivity in an economy?

• Increased working hours

• More holidays

• Higher taxes

• Capital investment

Why is the US a more attractive place for business investment compared to Canada?

• Higher taxes

• Smaller market size

• Less favorable business environment

• Larger public markets and more liquidity

What is one of the consequences of the economic rivalry between Canada and the US?

• Brain drain from Canada to the US

• More Canadian exports

• Increased trade barriers

• Higher taxes in the US

How does the brain drain affect Canada's economy?

• Increases the talent pool

• Lowers housing prices

• Creates a talent shortage

• Reduces immigration

What is one of the side effects of skilled migration in Canada?

• Higher land prices

• Increased housing affordability

• Lower taxes

• Decreased housing prices

What score does Canada receive for its GDP per capita?

• 7 out of 10

• 6 out of 10

• 8 out of 10

• 9 out of 10

What is the overall average score given to Canada on the economics explained national leaderboard?

• 5.8 out of 10

• 8.8 out of 10

• 6.8 out of 10

• 7.8 out of 10