Question

8 multiple choice 6.68 points
what type of economic system does canada have?
○ mixed command
○ pure command
○ pure market
○ mixed market
9 multiple choice 6.67 points
what is a major export product of canada?
○ natural resources
○ textiles
○ electronics
10 multiple choice 6.68 points
which of the following describes canadas trade relationships?
○ limited to only north america
○ isolated, with few international partners
○ open and extensive (far-reaching) with many countries throughout the world.
11 multiple choice 6.68 points
what role does the canadian parliament play in the countrys economic system?
○ it passes laws that regulate and support the economy
○ it manages all businesses
○ by exporting to other countries

Explanation:

1. Canada's economic system combines private market forces with government regulation and social programs, fitting the mixed market definition.
2. Canada is a top global exporter of natural resources like oil, timber, and minerals, which are its major export products.
3. Canada has trade agreements and partnerships with countries across the globe, including Asia, Europe, and the Americas, making its trade open and extensive.
4. The Canadian Parliament creates laws that set economic rules, support industries, and regulate business activity in the country.

Answer:

1. Mixed Market
2. Natural Resources
3. Open and extensive (far-reaching) with many countries throughout the world.
4. It passes laws that regulate and support the economy