Wheat, aluminum, fish and timber are examples of Canada’ what? (1 point)
natural resources
natural resources
market resources
market resources
capital goods
capital goods
human resources
natural resources
Which of the following statements is most true when describing Canada's gross domestic product (GDP) ?
(1 point)
Canada has a low GDP per capita and a high standard of living.
Canada has a low GDP per capita and a high standard of living.
Canada has a high GDP per capita and a low standard of living.
Canada has a high GDP per capita and a low standard of living.
Canada has a low GDP per capita and a low standard of living.
Canada has a low GDP per capita and a low standard of living.
Canada has a high GDP per capita and a high standard of living.
Canada has a high GDP per capita and a high standard of living.
Some Inuit tribes in northern Canada use bartering to trade and practice which type of economy?
(1 point)
Free Market
Free Market
Mixed
Mixed
Traditional
Traditional
Command
Traditional
An entrepreneur organizes __________ for production.(1 point)
raw materials
raw materials
new ideas
new ideas
skills and machinery
skills and machinery
capital and resources
capital and resources
capital and resources
Canada charges special taxes on U.S. cheese and butter brought across the U.S.-Canadian border. What type of trade barrier is this?(1 point)
tariff
tariff
quota
quota
opportunity cost
opportunity cost
embargo
tariff
By investing in the education and training of its citizens, or ___________ capital, Canada has been able to improve its gross domestic product (GDP) and standard of living. (1 point)
human
human
resource
resource
domestic
domestic
natural