WorksheetsCanada Part 2 Quiz
Total questions: 20
Worksheet time: 10mins
Name
Class
Date
1.
If a country does not invest in human capital
a)
they will probably have a lower standard of living
b)
they will probably have a high gdp
c)
they will probably have a high literacy rate
d)
they will probably have a lower traditional economy
2.
Company owners decide economic decisions
a)
command
b)
traditional
c)
mixed market
d)
mixed command
3.
When a country focuses on one product because of production efficiency, this is an example of
a)
currency exchange
b)
gdp
c)
entrepreneurship
d)
specialization
4.
Why do countries invest in capital goods?
a)
doing so makes for better tools and technology to improve production
b)
doing so makes for better tools and technology to increase prices
c)
doing so makes for better trade between countries
d)
doing so makes for worse tools and technology for skills and knowledge
5.
How do citizens of parliamentary democracies elect their countries' leaders?
a)
citizens do not vote the leaders are simply born into leadership
b)
citizens vote for the president who then chooses the legislature
c)
citizens vote for the legislature who then choose the prime minister
d)
citizens vote for the legislature who then choose the president
6.
The most free
a)
mostly market
b)
mostly command
c)
mostly traditional
d)
mostly presidential
7.
Vacationing from US to Italy
a)
gdp exchange
b)
currency exchange
c)
human exchange
d)
capital exchange
8.
Canada's head of government
a)
king
b)
queen
c)
president
d)
prime minister
9.
Canada's legislature
a)
parliament
b)
head of state
c)
head of government
d)
citizen exchange
10.
Mixed but mostly market
a)
Canada's government
b)
Canada's gdp
c)
Canada's economy
d)
Canada's currency
11.
Government owns most if not all aspects of economy
a)
traditional
b)
market
c)
mixed
d)
command
12.
If our President said "I will give incentives to business that upgrade technology education and training material", this would be an example of
a)
investing in human capital
b)
investing in gdp
c)
investing in capital goods
d)
investing in currency exchange
13.
Start a donut business
a)
literacy rate
b)
specialization
c)
entrepreneurship
d)
currency exchange
14.
Improving access to schools
a)
investing in human capital
b)
investing in capital goods
c)
investing in entrepreneurship
d)
investing in specialization
15.
Forests
a)
human capital
b)
literacy rate
c)
capital goods
d)
natural resources
16.
The purpose of the agreement agreed upon by North American countries is to
a)
encourage production of oil
b)
protect domestic agriculture
c)
reduce economic barriers
d)
promote nationalization
17.
United States, Mexico, Canada
a)
NAFTA
b)
USMCA
c)
EU
d)
Literacy Rate
18.
limit on imports
a)
embargo
b)
tariff
c)
quota
d)
literacy rate
19.
Why would a country specialize in certain products?
a)
because they can invest in human capital
b)
because they produce certain products efficiantly
c)
because high literacy rate leads to high gdp
d)
because of currency exchange
20.
Countries use different currencies so they must
a)
exchange currency
b)
utilize specialization
c)
exchange human capital
d)
invest in gdp
100 %
