NEW
Font size
WorksheetsEconomic System of Canada
Total questions: 10
Worksheet time: 5mins
What are the 3 basic questions every economy must answer?
- What goods/services will be produced?
- How will goods/services be produced?
- Who will consume the goods/services?
- What goods/services will be produced?
- How will goods/services be produced?
- When will goods/services be consumes?
When all economic decisions are based on customs,
traditions, & beliefs of the past it is called ...
market economy
traditional economy
command economy
Canada's economy is a combination of several economic systems like most democratic countries in world. We call that a
Market Economy
Mixed Economy
Traditional Economy
Canada brings in a huge amount money from all over the world that contributes greatly to their economy by selling
Video games
Natural Resources
Jellies
Which percentage best represents the amount of arable land in Canada?
23.4%
53.2%
4.3%
Which is a major crop grown in Canada?
Wheat
Bananas
Oranges
Nearly 75% of Canada's exports are sold to
China
Britain
United States
Which term refers to a person who is willing to take a risk to start and operate their own business?
Entrepreneur
Command economist
Trader
Technology, computers, factories, machines, or property needed to keep a business profitable.
Human capital
Trade barrier
Capital goods
People who have knowledge and skills to perform a job or provide a service.
Human capital
Capital Resource
Natural resource
