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Economics of North America Quiz

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Which kind of economy do both the U.S. and Canada have?

a)

Free Market

b)

Command

c)

Traditional

2.

What is the trade agreement between the U.S., Canada, and Mexico called?

a)

CAFTA

b)

EU

c)

NAFTA

d)

TPP

3.

NAFTA eliminated ___________ on imported goods from Mexico or Canada.

a)

pesticides

b)

prices

c)

tariffs

4.

Which U.S. economic region had a lot of manufacturing during the 1800s and 1900s in cities like Detroit and Cleveland?

a)

West

b)

South

c)

Northeast

d)

Midwest

5.

In which Canadian economic region could you find some of the world's largest oil reserves?

a)

Atlantic

b)

Eastern & Central

c)

West

d)

North

6.

In the U.S. people are moving from the north and northeast to the south and west.

a)

True

b)

False

7.

According to the Newsela article, what economic factors are PUSHING people out of the north?

a)

war

b)

crime

c)

lack of jobs

d)

cold weather

8.

According to the Newsela article, what economic factors are pulling people to the south and west?

a)

more affordable housing

b)

warm weather

c)

good schools

9.

Because of NAFTA what happened to the price of goods (like avocados) in the U.S.?

a)

They increased

b)

They decreased

10.

If NAFTA is canceled, why would the prices we pay for fast food burgers and fries increase?

a)

McDonalds would charge extra taxes.

b)

More people would want to eat burgers and fries.

c)

McDonalds would have to pay more for the beef and potatoes they import and therefore raise their prices.