(Blank)
What does Economic Issues mean?
Economic issues is a challenge that society faces, which is to satisfy unlimited wants and needs with limited resources!
Why is it important to study and learn about Economic issues?
It's important to study the Economic issues because, it gives people the tools for understanding their economic world and how to interpret events that will either directly or indirectly affect them. It also just helps with critical issues as well.
Name ONE specific economic issue?
(Answers may vary)
Why was there a need to expand the trade market?
This was to, introduce better technologies and new product varieties!
What are two examples of economic goals?
Economic goals include: efficiency and equity!
How was the economy in the Atlantic colonies any different from the other colonies?
The economy in the Atlantic colonies ARE in fact different from the other colonies because, the Atlantic colonies enjoyed certain advantages in the timber trade and were able to parlay these into an expanded shipping and shipbuilding sector. New Brunswick was the leading timber exporter from the region, providing jobs for migrant seasonal workers from Prince Edward Island and Nova Scotia.
Why were defense costs so high in British North America?
Defence costs were so high in British North America BECAUSE, of the driven by US threats and reduced British military support.
How were Indigenous people affected by these economic issues?
Indigenous people were affected by these economic issues because, they faced land loss and marginalization due to economic issues.
What was the economy of the Atlantic colonies like?
The Atlantic colonies enjoyed certain advantages in the timber trade and were able to expand shipping and shipbuilding sector. New Brunswick was the leading timber exporter from the region, providing jobs for migrant seasonal workers from Prince Edward Island and Nova Scotia.
What is Taxation and Government Spending?
Taxation is how governments collect money from individuals and businesses to fund public services.
Government spending is how that money is for stuff like infrastructure, education, and social programs!