Trade And Industry In Canada Trivia Quiz

Questions : 11 | Total Attempts: 321 | Recent Updated: 02-Feb-2021
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Trade and industry have been central to Canada's economy, which Canada's economic growth has historically relied on exporting raw materials, particularly fish, fur, grain, and large volumes of wood. However, raw materials as a percentage of Canadian exports declined, while processed, manufactured, and manufactured goods increased. By 1990, about four-quarters of Canadian exports were somewhat processed. Since the major Canadian exports in the mid-1970s have been automobiles (which account for about one-quarter of the total value of exports), automobile parts, and other types of machinery and equipment, especially high-technology products that provide computerized communications Systems. Wrought metal and other materials and forestry products, including wood pulp and newsprint, are other important exports. Let's know more about Trade And Industry In Canada.

Questions Excerpt


1. Canada's PM Justin Trudeau changed the title to the minister of international trade diversification and appointed ...

A. Jim Carr

B. Monarch

C. Chrystia Freeland

D. None of the following

2. In which way is the mixed economy of Canada similar to a command economy?

A. There are significant barriers to foreign trade

B. There is government control of some industries

C. There is little competition between businesses

D. All of the above-mentioned

3. Which statement about the economies of Canada and Cuba is correct?

A. Both countries have pure market economies

B. Both countries have pure command economies

C. Both of these

D. None of these

4. Which has Canada's involvement in the North American Free Trade Agreement contributed to the MOST?

A. Growth of Canada's business sector

B. Significant decline in imports

C. Significant decline in exports

D. Growth of Canada's tourism sector

5. Which of them has had the GREATEST effect on the growth of the Canadian economy in the past few decades?

A. IMF

B. NAFTA

C. NATO

D. All of these

6. When focusing on a narrow range of products/services that can be produced most efficiently called ...

A. Standard of Living

B. Voluntary Trade

C. Specialization

D. All of the above-mentioned

7. Lukas lives in Canada and wants to start a business of his own. Which will MOST LIKELY be true of his efforts?

A. The government will not allow Lukas to start a business

B. Lukas must work for the government in order to start a business

C. Lukas will face few obstacles in starting his business

D. None of the following

8. Which statement is true of free trade between Canada and the United States?

A. It discourages the countries from producing goods their citizens need, like food

B. It is only beneficial to the wealthiest of the two countries, the United States

C. It allows each country to specialize in the production of certain goods

D. All of the above-mentioned

9. Which of the following term is used to refer to a country focusing on producing a relatively small number of goods or services based on what the country can produce efficiently?

A. Specialization

B. Opportunity

C. Competition

D. All of the above

10. Which is it called when activity slows or outright blocks the free exchange of goods and services?

A. Barrier of trade

B. Production

C. Goods

D. None of the following

11. How often the goal of quotas?

A. To protect domestic producers

B. To improve the efficiency of domestic production

C. Both of these

D. None of these


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