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WorksheetsCanada's Economy
Total questions: 25
Worksheet time: 25mins
In the Canadian economy private property rights are respected and there is limited government control of economic activity. Based on this description, where would the Canadian economy be placed along the economic continuum?
Point A
Point B
Point C
Point D
How are the economies of Canada, Mexico, and the United States similar or different?
Canada is a pure market economy, while Mexico and the United States are mixed economies.
Canada is a pure command economy, while Mexico and the United States are mixed economies.
All are mixed economies, but Canada is more market-oriented than either Mexico or the United States.
All all are mixed economies, but Canada is more command-oriented than either Mexico or the United States.
Which numbered section of the diagram represents countries whose economies are primarily market-based?
1
2
3
4
Why type of economy does the description MOST resemble?
command economy
mixed economy
market economy
traditional economy
What industry/trade was extremely profitable in the early years of colonial Canada?
fishing
mining
fur
timber
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
Which industry is NOT mentioned as a key part of Canada's economy?
High-tech
Textiles
Energy production
Automobile
List 1 of Canada's Industries.
(a)
Which country in the diagram has the MOST free economy?
Cuba
Mexico
Canada
United States
Type of economy that Canada has
traditional
command
market
mixed
Which characteristic BEST describes Canada’s economy?
Market-leaning
Traditional
Command-leaning
Pure market
What is the primary sector contributing to Canada's GDP?
Agriculture
Manufacturing
Service
Mining
Which Canadian province is known for its oil sands?
Ontario
Quebec
Alberta
British Columbia
What is the currency used in Canada?
Canadian Dollar
US Dollar
Euro
British Pound
Which trade agreement is Canada a part of?
NAFTA
EU
ASEAN
Mercosur
What is a major export product of Canada?
Electronics
Automobiles
Timber
Textiles
Which sector employs the most people in Canada?
Agriculture
Service
Manufacturing
Mining
What is the role of the Bank of Canada?
Regulate stock market
Control monetary policy
Manage public transportation
Oversee education
Which city is the financial hub of Canada?
Vancouver
Montreal
Toronto
Ottawa
What is Canada's rank in global GDP?
5th
10th
15th
20th
Which industry is a significant part of Canada's economy?
Textiles
Fishing
Automobile
Technology
What is the unemployment rate trend in Canada over the past decade?
Increasing
Decreasing
Stable
Fluctuating
Which natural resource is abundant in Canada?
Gold
Oil
Diamonds
Copper
What is the impact of immigration on Canada's economy?
Negative
Neutral
Positive
No impact
Which Canadian city is known for its technology sector?
Calgary
Toronto
Vancouver
Ottawa
