Flashcards
Chapter 8: The Changing Canadian Economy
Cards in this deck (6)
- 1What are the 3 basic economic questions?What is to be produced? how is it to be produced? For whom is it to be produced?
- 2Give an example of the 4 economic sectorsPrimary: fishing industry
secondary: construction
Tertiary: retail industry
Quaternary: medical researchers - 3What stats do economists use to measure the health of an economy?GDP, GNP, Unemployment rates
- 4What are the current economic activities of the 5 economic regions of Canada?North: diamonds
Prairies: oil
Atlantic: trapping/oil/gas
Shield: minning/forestry
Great lakes st. Lawrence: financial headquarter/manufacturing - 5Why did Americans establish branch plants in Canada?To bypass tariffs
- 6What are some positives and negatives of NAFTA?Positives: Canadians became more aware of human right concerns, environmental problems, human labour issues around the world
Negatives: Allow american businesses to exploit Canadian businesses and cause issues in terms with human rights, jobs could be lost if companies moved to places like latin america
Information
- Description
- Flashcards on Chapter 8: The Changing Canadian Economy, created by Bela C on 09/06/2015.
- Created by
- Bela C
- Views
- 74
- Tags
- Rating