Canada's Economy: Checkpoint 1

Quick checkpoint - five questions on Canada's economy, the staples thesis, US trade, banks and housing.

Quick checkpoint - five questions on Canada’s economy, the staples thesis, US trade, banks and housing.

Question 1 of 5 Where do most Canadians live?

Within about 200 km of the US border In the Arctic Evenly spread On islands

Near markets and milder climate.

Question 2 of 5 Who developed the staples thesis?

Harold Innis John Maynard Keynes Adam Smith Karl Marx

It explains development through raw exports.

Question 3 of 5 About what share of Canadian exports go to the US?

75 percent 10 percent 30 percent 100 percent

This makes Canada vulnerable to US tariffs.

Question 4 of 5 How did Canadian banks fare in 2008?

No bank needed a bailout All failed Most were nationalised They moved abroad

Conservative regulation helped.

Question 5 of 5 What contributed to Canada's housing crisis?

Zoning limits, population growth and low rates Too many houses Falling population High interest rates for decades

Supply didn't keep pace.

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