Canada Unit 7 Review

Front

Why might someone need to convert their currency when traveling abroad?

Back

To ensure they can purchase goods and services in the destination country's local currency.

Front

What economic principle involves a country dedicating its resources to produce only certain types of goods or services where it has a comparative advantage?

Back

specialization

Front

What impact does investing in education have on Canada's workforce?

Back

It enhances the skills and capabilities of the workforce.

Front

What is a primary reason for the Canadian government to focus on education and training programs?

Back

to boost the country's economic performance

Front

What could prompt Canada to initiate a trade embargo against another country?

Back

if the country engages in activities that threaten Canada's national security

Front

In a market economy, who primarily determines the types and quantities of goods and services produced?

Back

Consumers and producers make decisions based on supply and demand.

Front

What is the advantage of Canada's economy relying on specialization?

Back

It allows Canada to focus on industries where it has a competitive advantage, using resources more efficiently.

Front

How do advancements in technology contribute to economic development?

Back

They lead to the creation of new industries and job opportunities.

Front

How do citizens of Canada choose the leaders of their government?

Back

They elect people to represent them in the House of Commons. The House of Commons then selects the prime minister.

Front

Before leaving Canada for Georgia, what is Brian's dad MOST LIKELY doing to prepare for using public transportation?

Back

exchanging Canadian money for US money to use in vending machines at subway stations