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WorksheetsCanada's Economy
Total questions: 15
Worksheet time: 15mins
Which of the following would reflect Canada’s mixed economy?
Prices and wages are solely regulated by the country’s government.
A combination of privately-owned businesses and government regulations.
The country’s distribution of resources is based on inheritance.
All economic decisions are based on customs and beliefs of ancestors.
Match gross domestic product (GDP) with the situation in Canada:
Canada has a high GDP per capita and a high standard of living.
Canada has a high GDP per capita and a low standard of living.
Canada has a low GDP per capita and a high standard of living.
Canada has a low GDP per capita and a low standard of living.
Which of the letters best represents Canada in the economic continuum above?
A
B
C
None of the above
true or false
Canada has one of the best economy
no
false
yes
true
maybe
what type of economy is Canada?
command
market
mixed
traditional
What type of economy does Canada have?
traditional
command
market
mixed
Some Inuit tribes in northern Canada use bartering to trade and practice which type of economy?
Traditional
Command
Market
Mixed
Which sector contributes the most to Canada's GDP?
Agriculture
Manufacturing
Service
Mining
What is the currency used in Canada?
Canadian Dollar
US Dollar
Euro
British Pound
Which Canadian province is the largest producer of oil and gas?
Ontario
Quebec
Alberta
British Columbia
What trade agreement is Canada a part of with the United States and Mexico?
NAFTA
EU
ASEAN
Mercosur
Which of the following is a major export of Canada?
Electronics
Automobiles
Timber
Textiles
What is the role of the Bank of Canada?
Regulate stock market
Manage national parks
Control monetary policy
Oversee education system
Which Canadian city is known as the financial hub of the country?
Vancouver
Toronto
Montreal
Calgary
What is the unemployment rate an indicator of in an economy?
Economic growth
Labor market health
Inflation rate
Trade balance
