The US and Canada TODAY Chapter 6 Economics • 1.Which is true about a free market economy? • • • • A. The government has limited involvement. B. The government has no involvement. C. The government makes all of the decisions. D. There is no government. Economics 2. The two key groups who make up a free market economy are – • • • • A. government and business owners B. business owners and producers C. consumers and business owners D. employees and prducers economics • 3. A trade deficit occurs when a country – • A. spends more on imports than it earns on exports • B. earns more on exports than it spends on imports • C. takes away trade barriers • D. signs trade agreements with other countries economics • 4. The United States currently – • A. earns more on its exports than in spends on imports • B. has a trade surplus • C. spends more on imports than it earns on exports • D. spends little money on imports Economics • 5. Canada currently has – • A. a trade deficit because it is spending too much on imports. • B. a trade surplus because it earns more on exports. • C. trade equilibrium because imports equal exports • D. no trade economics • • • • • 6. The country with the largest economy is – A. China B. Canada C. Mexico D. the United States Economics • 7. What is the purpose of NAFTA? • • • • A. Remove barriers to trade to its members B. Limit trade to its members C. Add extra quotas and tariffs D. Take away trade deficits economics • • • • • 8. What countries are members of NAFTA? A. China, the US, and Canada B. China, Mexico, and the US C. China, Mexico, and Canada D. The US, Canada, and Mexico economics • 9. The top three trading partners with the US in order are – • • • • China, Mexico, Canada Canada, China, Mexico Mexico, Canada, China China, Canada, Mexico economics • 10. What is the main economic resource found in Canada’s North? • • • • A. lumber B. minerals C. fish D. manufacturing economics • 11. The south’s major economic activities include – • • • • A. ranching, lumbering, mining B. business, trade, manufacturing C. aviation, movie industry D. tourism, trade, oil production Economics • 12. The major economic activities of the northeastern US include – • • • • A. ranching, lumbering, mining B. business and trade C. aviation, movie industry D. tourism, trade, oil production economics • 13. Until recently, the main economic activities of the Interior West had been – • • • • A. ranching, lumbering, mining B. business, trade, manufacturing C. aviation, movie industry D. tourism, trade, oil production Economics • 14. Which region of the US is dealing with the effects of outdated manufacturing plants? • • • • A. the South B. the Pacific C. the Interior West D. the Midwest economics • 15. The city that is located on the St. Lawrence River in Canada and has a lot of industry and banking is – • • • • A. Toronto B. Halifax C. Montreal D. Ottawa economics • 16. An important city for biotechnology research is Boston. • Biotechnology is – • • • • A. the study of cells B. biology and technology C. using robots instead of doctors D. using computers to do surgery Economics • 17. The government provides health care to all its citizens in which country(ies)? • • • • A. Canada and the US B. Canada only C. the US only D. the US and Mexico economics • 18. Moving from the east to the west coast, what is the order of the US’s economic regions? • Northeast, Pacific, Interior West, Midwest, South • Pacific, Interior West, South, Midwest, Northeast • Northeast, South, Midwest, Interior West, Pacific • South, Pacific, Interior West, Midwest, Economics • 19.What is the western-most region of the US? • • • • A. Pacific B. Midwest C. Interior West D. South Economics • 20. Which region of the US is the one in which we live? • A. South • B. Pacific • C. Midwest • D. Northeastern Economics • 21. Which region of the US includes the Great Lakes? • • • • A. South B. Interior West C. Midwest D. Northeast Other stuff • • • • • 22. What is the US’s most populous state? A. California B. New York C. Texas D. Alaska Other stuff • 23. Which is Canada’s most populous province? • A. Ontario • B. Quebec • C. British Columbia • D. Manitoba Other stuff • 24. How do the US and Canada participate in the United Nations? • • • • A. By creating NAFTA B. By contributing money and peacekeepers C. By looking for weapons of mass destruction D. By enforcing laws environment • 25. When population spreads into natural areas, this is called – • A. urban sprawl • B. citification • C. suburban creep • D. a strip mall environment • 26. Changing weather patterns are thought to be a result of – • • A. acid rain • B. urban sprawl • C. global warming • D. change in earth’s tilt environment • 27. Brownfields are – • • • • A. farmlands that have a drought B. a field of special brown grass C. old, polluted, abandoned sites D. dilapidated buildings