Unit 8 exam

What is your first and last name?

Which statement accurately describes Canada's economic system?

• Traditional
• Market
• Command
• A mix of Market and Command

Based on Canada's location on the economic continuum, it can best be described as:

• Pure Market
• Pure Command
• Market-leaning
• Command-leaning

Which of the following is an aspect of Market economic systems?

• The government limits entrepreneurship.
• Prices are based on supply and demand.
• Customs dictate how things will be produced.
• The government makes all of the money.

Which of the following is an aspect of Command economic systems?

• The government decides what will be produced.
• Prices are based on supply and demand.
• Traditions regulate the economy.
• Consumers make all of the money.

What is a question that every country must answer when determining its economic system?

• What to produce?
• How to produce?
• For whom to produce?
• All of the above.

What role does Canada's government play in its economy?

• Government limits entrepreneurship and owns all businesses.
• Government has a very limited role with few regulations (healthcare and postal service).
• Government makes all economic decisions.
• Government is not involved in Canada's economy at all.

What language does 90% of this province's population speak?

• English
• Spanish
• French
• Canadian

Which European country first colonized Canada?

• France
• Great Britain
• Spain
• Germany

Which two countries fought over Canada's land and resources during the French and Indian War?

• United States and France
• France and Great Britain
• France and Spain
• Spain and Great Britain