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WorksheetsEconomy and Trade
Total questions: 16
Worksheet time: 5mins
Approximately what percentage of the Canadian workforce works in the natural resource industry?
65%
15%
4%
20%
The best description of the quinary industry would be...
The service industry
The "knowledge economy"
Processing of materials to semi-finished goods
Jobs requiring high level, complex decision making
Which place best meets the criteria for strong tourism?
Hamilton
Niagara Falls
Port Clements
Iqaluit
Which is true about natural resources and processing facilities?
They are often not near each other
They are usually located near one another
They are not in the same country
None of these statements is true
Which two provinces or territories has the most diversified natural resource economy?
New Brunswick and British Columbia
Northwest Territories and Nunavut
Ontario and Quebec
Alberta and PEI
Which of the following is a refining industry?
Tourism
Gold mining
Steel mill
Research and Development
Which of the following is NOT a basic job?
Wheat farmer
Air Canada pilot
Export job
Dentist
What is a trade surplus?
When the markets for imports and exports fluctuate
We import and export the same amount
We are importing more than we are exporting
We are exporting more than we are importing
Which factor DOES NOT usually influence an international trade relationship?
Geography (proximity to Canada)
Tariffs
Consumer demand
Environmental law
Which of the following best describes import substitution?
Making products in Canada that would usually be imported in order to protect jobs
Halting import of products that cost too much for Canadians to buy
Export profits minus import expenses
Importing the same products that are being produced in Canada to give more variety to the consumer
What is the main purpose of a tariff?
To improve trade balance
To increase competition
To discourage consumers from buying foreign goods
To slow down growth in the economy
The USMCA trade deal, once ratified, replaces what current deal?
GATT
EU - Canada Trade Agreement
Trans Pacific Partnership
NAFTA
What are Canada's top 3 export categories by economic value according to the OEC?
Gold, vegetable products, wood products
Cars, foodstuffs and raw aluminum
Chemicals, textiles and wheat
Mineral products, transportation and machines
Who are our top 3 trading partners?
South Korea, Japan, USA
USA, China, Japan
UK, Mexico, USA
China, UK, USA
Does Canada export the same products that it imports?
Yes
No
Which part of the world has the least amount of trade with Canada?
Oceania
Africa
South America
Asia
