WorksheetsCanada Economy
Total questions: 25
Worksheet time: 25mins
Businesses, taxes, jobs, prices, are all part of the _____________
Parliamnet
Congress
economy
football
Canada and the U.S. both have a____________system. It allows anyone to start a business.
laws
banks
free enterprise
democracy
What role do natural resources play in Canada's economy?
They have no significant impact
They are the only source of income for Canada
They contribute significantly to exports and economic growth
They are mainly used for domestic consumption and not for export
What industry/trade was extremely profitable in the early years of colonial Canada?
fishing
mining
fur
timber
List 1 of Canada's Industries.
(a)
Which industry is NOT mentioned as a key part of Canada's economy?
High-tech
Textiles
Energy production
Automobile
Which of the following best describes the term "economic growth"?
A decrease in a country's production of goods and services
A steady state of a country's production of goods and services
An increase in a country's production of goods and services
The movement of businesses out of a country
Why type of economy does the description MOST resemble?
command economy
mixed economy
market economy
traditional economy
What type of economy does Canada have?
mixed
command
traditional
market
What is Canada's #1 trading partner?
USA
Canada
United Kingdom
Cuba
What two areas does the Canadian government control in its mixed market economy?
grocery stores and the postal service
health care and the postal service
grocery stores and malls
trucking and the postal service
Some Inuit tribes in northern Canada use bartering to trade and practice which type of economy?
Traditional
Command
Market
Mixed
Canada charges special taxes on U.S. cheese and butter brought across the U.S.-Canadian border. What type of trade barrier is this?
Embargo
Tariff
Quota
Opportunity Cost
Gross Domestic Product is a good indicator of:
How many people can read
How many people can drive
How wealthy a country is
How many people are handicapped
When a country invests in the education, skills, and training of the country’s workers, they are investing in the _______________________.
Human capital
Capital goods
What is the primary sector that contributes to Canada's GDP?
A) Agriculture
B) Manufacturing
C) Services
D) Mining
Which Canadian province is known for its oil sands?
A) Ontario
B) Alberta
C) Quebec
D) British Columbia
What is the currency used in Canada?
A) Canadian Dollar
B) US Dollar
C) Euro
D) British Pound
Which of the following is a major export product of Canada?
A) Electronics
B) Automobiles
C) Timber
D) Textiles
What is the role of the Bank of Canada?
A) To regulate the stock market
B) To manage the country's monetary policy
C) To control the oil prices
D) To oversee the agricultural sector
Which sector employs the most people in Canada?
A) Agriculture
B) Manufacturing
C) Services
D) Mining
What is a significant challenge facing the Canadian economy?
A) High inflation
B) Trade deficits
C) Aging population
D) Lack of natural resources
Which trade agreement is Canada a part of?
A) NAFTA
B) EU
C) ASEAN
D) MERCOSUR
What is the economic impact of tourism in Canada?
A) Negligible
B) Moderate
C) Significant
D) Overwhelming
Which Canadian city is considered the financial hub of the country?
A) Vancouver
B) Montreal
C) Toronto
D) Ottawa
