Copy of S2 Final Exam Study Guide-05/16/2025 08:46

What assumption can be made about Canada's economy based on its literacy rate of 99%?

• A. Canada has too many natural resources

• B. Canada could improve their GDP by investing in their top imports

• C. Canada has a strong economy with a high GDP

• D. This is a trick question. Canada's literacy rate is 49%.

What type of government does Canada have?

• A. Parliamentary Democracy

• B. Presidential Democracy

• C. Communist State

• D. Absolute Monarchy

Since the British monarch lives in the United Kingdom, ______ is chosen to represent the British monarch in Canada.

• Chancellor

• President

• King Consort

• Governor General

Canada's literacy rate exceeds 99%. This indicates that Canada has heavily invested in ______.

• entrepreneurship

• capital goods

• human capital

• natural resources

Which of the following investments in capital goods would likely raise the Gross Domestic Product of Canada?

• picking trade partners

• imposing tariffs on goods

• improving machinery and equipment

• increasing imports and exports

The Canadian government has few barriers to starting new businesses. Taxes on small businesses are relatively low, and the government protects private property. These things can lead to...

• investment in capital goods

• increased entrepreneurship

• emigration to Canada

• restrictions on trade

Canada is rich in which of the following natural resources?

• leather

• machinery

• minerals

• tropical fruits

Why would limited access to natural resources slow economic growth?

• It leads countries to encourage immigration.

• It leads countries to import needed resources.

• It leads countries to adopt command economies.

• It leads countries to invest more in human capital.

Which factor contributes significantly to air pollution in Mexico City?

• The mountains surrounding the city

• The waterways surrounding the city

• The natural resources surrounding the city

• The ocean near the city

How have Mexico City's citizens tried to address its issue with air pollution?

• They have protested against cutting down the trees surrounding the city.

• They have created more green, planted areas to absorb carbon dioxide.

• They have started efforts to sanitize the water in the city.

• They have boycotted purchasing items from the mining operations around the city.