Canada's Economy
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Canada's economy is described as including how many main types of industries?
The first 10 questions, with answers
Open a question to see the answer and the explanation.
1. Canada's economy is described as including how many main types of industries?
- Three
- Four
- Five
- Two
Answer: Three. The economy is grouped into three broad categories: service industries, manufacturing industries, and natural resource industries.
2. Approximately what share of Canadians are employed in service industries?
- About one-quarter
- About three-quarters
- About one-half
- About one-third
Answer: About three-quarters. Services employ roughly three out of every four working Canadians, making it by far the largest part of the economy.
3. Which of the following is listed as a natural resource industry in Canada?
- Tourism
- Retail banking
- Forestry
- Clothing manufacturing
Answer: Forestry. Forestry, fishing, agriculture, mining and energy make up the natural resource industries, which shaped much of Canada's history and development.
4. Which country is Canada's largest trading partner?
- Mexico
- The United Kingdom
- China
- The United States
Answer: The United States. Trade with the United States dwarfs Canada's commerce with any other nation, and the two countries are each other's biggest customers.
5. Which three countries are partners in the North American Free Trade Agreement?
- Canada, the United States and Mexico
- Canada, Mexico and Brazil
- Canada, the United States and Japan
- Canada, the United States and Cuba
Answer: Canada, the United States and Mexico. NAFTA links the three largest economies of North America in one free trade area covering hundreds of millions of people.
6. Aerospace technology is an example of which part of the Canadian economy?
- Service industries
- Manufacturing industries
- Financial industries
- Natural resource industries
Answer: Manufacturing industries. Manufacturers turn out goods such as aerospace and high technology equipment, automobiles, machinery, paper, food and clothing for sale at home and abroad.
7. Which of these is given as an example of a service industry?
- Mining
- Fishing
- Tourism
- Energy production
Answer: Tourism. Services include tourism, transportation, education, health care, construction, banking, communications, retail and government work.
8. True or False: Canada has always been a trading nation, and commerce is described as the engine of its economic growth.
- True
- False
Answer: True. Canadians could not sustain their standard of living without selling goods and services to other countries.
9. True or False: The majority of Canadians work in natural resource industries such as mining and forestry.
- True
- False
Answer: False. Natural resources remain vital to many regions and to exports, but most jobs in Canada are in the service sector.
10. Which of the following is named as a Canadian manufactured product?
- Wheat
- Crude oil
- Iron ore
- Paper
Answer: Paper. Paper is produced by Canadian factories, while oil, ore and grain are raw commodities from the natural resource industries.
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