Canada's Economy

Official source: https://www.canada.ca/en/immigration-refugees-citizenship/corporate/publications-manuals/discover-canada/read-online/canadas-economy.html

• 1.In what year did Mexico become a partner in the broader North American free trade agreement?

  • 2008
  • 1988
  • 2020
  • ✓1994

  Answer: 1994

  Why: 1994, forming NAFTA. NAFTA was replaced in 2020 by the Canada-United States-Mexico Agreement (CUSMA), so the 1994 date is history but the agreement's name has changed.

• 2.What role have natural resources industries played, according to Discover Canada?

  • A minor role compared with manufacturing
  • ✓An important part in the country's history and development
  • A role that ended after Confederation
  • A role limited to the Prairie provinces

  Answer: An important part in the country's history and development

  Why: An important part in the country's history and development. Today the economy of many areas still depends on developing natural resources.

• 3.Which industries are natural resources industries?

  • Banking, tourism and retail
  • ✓Forestry, fishing, agriculture, mining and energy
  • Automobiles, machinery and clothing
  • Health care, education and government

  Answer: Forestry, fishing, agriculture, mining and energy

  Why: Forestry, fishing, agriculture, mining and energy.

• 4.Which of the following is NOT true about the Canada/USA relationship?

  • The Canada/USA relationship is the closest and most extensive in the world
  • Canada and the USA are the largest trading partners in the world
  • Canada and the USA share the longest undefended border
  • ✓Canada exports very few goods to the USA

  Answer: Canada exports very few goods to the USA

  Why: Canada exports billions of dollars of goods to the USA every year, so "exports very few goods" is false. The other three statements are all true.

• 5.What is inscribed on the Peace Arch at Blaine, Washington?

  • ✓"Children of a common mother" and "brethren dwelling together in unity"
  • "The world's longest undefended border"
  • "From sea to sea"
  • "Peace, order and good government"

  Answer: "Children of a common mother" and "brethren dwelling together in unity"

  Why: "Children of a common mother" and "brethren dwelling together in unity". It symbolizes close ties and common interests.

• 6.What share of working Canadians have jobs in service industries?

  • More than 90%
  • About 50%
  • About 25%
  • ✓More than 75%

  Answer: More than 75%

  Why: More than 75%.

• 7.Which of these is a service industry?

  • ✓Banking
  • Automobile assembly
  • Mining
  • Forestry

  Answer: Banking

  Why: Banking. Service industries also include transportation, education, health care, construction, communications, retail services, tourism and government.

• 8.How does Discover Canada describe the size of Canada's economy?

  • One of the fifty largest in the world
  • The largest in the Commonwealth
  • ✓One of the ten largest in the world
  • The largest in the world

  Answer: One of the ten largest in the world

  Why: One of the ten largest economies in the world.

• 9.What does Discover Canada say Canadians could not maintain their standard of living without?

  • Federal transfer payments
  • High levels of immigration
  • ✓Trade with other nations
  • Membership in the Commonwealth

  Answer: Trade with other nations

  Why: Engaging in trade with other nations.

• 10.What are the three main types of industries in Canada's economy?

  • Public, private and non-profit
  • Primary, secondary and tertiary education
  • ✓Service, manufacturing and natural resources
  • Agriculture, mining and fishing

  Answer: Service, manufacturing and natural resources

  Why: Service industries, manufacturing industries and natural resources industries.