canadian Canada's Economy 2

Question 1

Which three industries form the backbone of Canada's natural resource economy?

Accepted Answer

Forestry, fishing, and farming

Answer

Banking, insurance, and tourism

Answer

Textiles, ceramics, and glass

Answer

Shipbuilding, railways, and coal

Question 2

What is Canada's largest trading partner?

Accepted Answer

United States

Answer

United Kingdom

Answer

China

Answer

Mexico

Question 3

Which region of Canada is best known for its grain and wheat production?

Accepted Answer

The Prairie provinces

Answer

The Atlantic provinces

Answer

Quebec

Answer

British Columbia's coast

Question 4

What type of economy does Canada have?

Accepted Answer

A market economy with mixed private and public enterprise

Answer

A purely command economy

Answer

A subsistence economy

Answer

A barter-only economy

Question 5

Which Canadian province is the leading producer of oil?

Accepted Answer

Alberta

Answer

Nova Scotia

Answer

Prince Edward Island

Answer

Manitoba

Question 6

What does the term 'service industry' refer to in Canada's economy?

Accepted Answer

Jobs that provide services rather than produce goods

Answer

Only government jobs

Answer

Farming and mining work

Answer

Factory assembly lines

Question 7

Which trade agreement replaced NAFTA between Canada, the United States, and Mexico?

Accepted Answer

CUSMA (USMCA)

Answer

TPP

Answer

GATT

Answer

EFTA