Government
This is Canada's government.
What is a parliamentary democracy?
The economy of Canada.
What is a mixed economy?
Countries that invest in education, skills, and knowledge.
What is human capital?
A tax on imported and exported goods.
What is a tariff?
Represents the Queen in Canada.
What is the governor general?
Law-making body.
What is the legislature?
Canada's largest trading partner.
What is the US?
Canada is building new factories and using newer technology.
What are capital goods/ physical capital?
Focusing on a range of goods to be produced in a country.
What is specialization?
Who is the queen?
The monarch is the head of state and is limited by the country's constitution.
What is a constitutional monarchy?
Questions that a country must answer in order to determine its economy.
What are the three basic economic questions?
99% can read and write.
What is Canada's literacy rate?
Someone who is willing to take a risk to begin a new business.
What is an entrepreneur?
Elected by the MPs.
Who is the Prime Minister?
Canada's legislature.
What is Parliament?
Countries involved benefit from being able to have voluntary trade among its members.
What is NAFTA/USMCA?
This sector will grow a country's GDP because of entrepreneurs.
What is the private sector?
The ability to survive on only what is available.
What is self-sustaining?
Members are not elected by the people but by the governor general.
What is the Senate?
Canada's bicameral legislature.
What is the Senate and the House of Commons?
Freedom of private businesses to organize and operate for a profit in a competitive system without interference from the government.
What is free enterprise?
Natural Resources, Investing in Human & Physical Capital, Entrepreneurship, and High literacy rates.
What are factors that influence a country's economy?
The transfer of work from one country to another country where labor is cheaper.
What is outsourcing?
Members are directly by the people and serve a 5-year term limit.
What is the House of Commons?