Canadas economy
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Canada has a mixed economy that is closer to a market economy, with some government regulation. It has a strong economy based on natural resources like minerals, fish, timber, and energy. Canada's largest trading partner is the United States, and it has benefited from free trade agreements like NAFTA that allow for increased trade. While Canada has a highly educated population and strong industries, it still faces challenges with unemployment, poverty, environmental issues, and providing public services.
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Canada economy
Canada has a mixed economy that incorporates elements of both free market capitalism and government intervention. It has a strong economy due to its abundant natural resources like minerals, fish, timber, and fossil fuels. Canada's industries include transportation equipment, chemicals, food products, wood, and petroleum. In 2013, Canada had a GDP of $1.518 trillion, making it the 14th largest economy in the world, with per capita GDP of $43,100. Factors that influence Canada's economic growth include human capital, investment in capital goods and technology, natural resources, and entrepreneurship. However, Canada faces some economic problems as well, such as unemployment, overuse of natural resources, and acid rain damaging timber resources.
Canada's Economy
The document summarizes key aspects of Canada's mixed economy. Canada has a market-based economy with some government regulation. It has abundant natural resources and is a major producer and exporter of minerals, agricultural goods, transportation equipment and more. Canada's largest trading partner is the United States. The economy faces challenges like unemployment, resource depletion, and improving public services. Overall, Canada has a highly developed mixed economy.
2.4 Market Failure
The document discusses market failures and government interventions to address them. It provides examples of market failures such as pollution, traffic congestion, and underprovision of public goods. It also lists government policy tools like taxes, subsidies, and regulations that can be used to correct market failures and achieve more efficient resource allocation.
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This document provides an overview of various topics in economics that are studied at the A-Level, including: why economics studies human behavior and markets; what explains the divide between rich and poor; how businesses and consumers will be affected by Brexit; and other issues such as climate change, the future of work, housing affordability, and economic forecasts. For each topic, the document provides a brief description and prompts the reader to access more background information using a QR code or video link.
International economics chapter 1
The document discusses globalization and the international economy. It describes how globalization has occurred in waves due to decreases in trade barriers and transportation costs. More recently, developing countries have increased manufacturing trade and companies have outsourced production overseas. Several countries' levels of exports and imports as a percentage of GDP are provided as a measure of openness. The advantages of globalization are greater specialization and increased competition. However, some common misconceptions are that trade is zero-sum and import barriers create jobs.
Canada economy
1) Canada's economy is driven by exports of oil, vehicles, machinery, gems, and electronics. Its top sectors are agriculture, energy, technology, services, and manufacturing.
2) Canada imports vehicles, machinery, electronics, oil, and plastics. Its economy expanded at an annualized rate of 3.5% in the third quarter of 2016 due to growth in energy exports.
3) Canada attracts foreign direct investment and its economy is shifting toward high-tech manufacturing and knowledge-intensive services like aerospace, automotive, biopharmaceuticals, and software.
Maximum prices
The document discusses various types of maximum prices or price caps that governments and regulators impose, including caps on housing rents, energy prices, CEO pay, mobile roaming charges, water prices, payday loan interest rates, and pension charges. It analyzes the effects of price caps using supply and demand diagrams, noting they may lead to shortages and black markets. The document also evaluates the merits and drawbacks of price caps in different markets, such as increasing fairness but also potentially reducing investment if profits fall.
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This document discusses the balance of payments (BoP) and current account. It provides examples of countries that typically run trade surpluses and deficits. Causes of deficits include weak competitiveness and exchange rate issues. Policies to reduce deficits include demand management, exchange rate adjustments, and supply-side reforms. A currency depreciation can initially worsen the trade deficit due to lags but may eventually improve it if certain conditions are met. The UK often runs a trade deficit due to factors like import dependence and weaknesses exporting to growing markets.
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Canada economy
Canada has a mixed economy that incorporates elements of both free market capitalism and government intervention. It has a strong economy due to its abundant natural resources like minerals, fish, timber, and fossil fuels. Canada's industries include transportation equipment, chemicals, food products, wood, and petroleum. In 2013, Canada had a GDP of $1.518 trillion, making it the 14th largest economy in the world, with per capita GDP of $43,100. Factors that influence Canada's economic growth include human capital, investment in capital goods and technology, natural resources, and entrepreneurship. However, Canada faces some economic problems as well, such as unemployment, overuse of natural resources, and acid rain damaging timber resources.
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The document summarizes key aspects of Canada's mixed economy. Canada has a market-based economy with some government regulation. It has abundant natural resources and is a major producer and exporter of minerals, agricultural goods, transportation equipment and more. Canada's largest trading partner is the United States. The economy faces challenges like unemployment, resource depletion, and improving public services. Overall, Canada has a highly developed mixed economy.
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The document discusses market failures and government interventions to address them. It provides examples of market failures such as pollution, traffic congestion, and underprovision of public goods. It also lists government policy tools like taxes, subsidies, and regulations that can be used to correct market failures and achieve more efficient resource allocation.
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Canada economy
1) Canada's economy is driven by exports of oil, vehicles, machinery, gems, and electronics. Its top sectors are agriculture, energy, technology, services, and manufacturing.
2) Canada imports vehicles, machinery, electronics, oil, and plastics. Its economy expanded at an annualized rate of 3.5% in the third quarter of 2016 due to growth in energy exports.
3) Canada attracts foreign direct investment and its economy is shifting toward high-tech manufacturing and knowledge-intensive services like aerospace, automotive, biopharmaceuticals, and software.
Maximum prices
The document discusses various types of maximum prices or price caps that governments and regulators impose, including caps on housing rents, energy prices, CEO pay, mobile roaming charges, water prices, payday loan interest rates, and pension charges. It analyzes the effects of price caps using supply and demand diagrams, noting they may lead to shortages and black markets. The document also evaluates the merits and drawbacks of price caps in different markets, such as increasing fairness but also potentially reducing investment if profits fall.
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This document discusses the balance of payments (BoP) and current account. It provides examples of countries that typically run trade surpluses and deficits. Causes of deficits include weak competitiveness and exchange rate issues. Policies to reduce deficits include demand management, exchange rate adjustments, and supply-side reforms. A currency depreciation can initially worsen the trade deficit due to lags but may eventually improve it if certain conditions are met. The UK often runs a trade deficit due to factors like import dependence and weaknesses exporting to growing markets.
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Sweden
Sweden is a sparsely populated, third largest country in Western Europe with 9.2 million inhabitants. Over the past 100 years, Sweden transformed from a very poor country to a rich and well-educated nation with a highly skilled workforce. While Sweden had a violent ancient history, it has lived in peace since 1814 and avoided involvement in World Wars I and II. Sweden experienced an "economic miracle" in the 20th century by becoming one of the richest countries through exports of manufactured goods and high-tech solutions from companies like Volvo, IKEA, and Ericsson. Swedish society emphasizes security, well-being, and redistribution for all citizens through its welfare policies and strong environmental protections.
Aggregate demand
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2) A rise in the price level causes aggregate demand to contract as real incomes fall, exports become less competitive, and interest rates may rise.
3) Shifts in aggregate demand, caused by factors like fiscal policy changes, monetary policy changes, or external economic events, impact the overall level of output in an economy.
Economy of the United Kingdom
The United Kingdom is the fifth-largest national economy in the world measured by nominal gross domestic product (GDP), ninth-largest in the world measured by purchasing power parity (PPP), and nineteenth-largest in the world measured by GDP per capita, comprising 4% of world GDP. It is the second-largest economy in the European Union by both metrics. In 2016, the UK was 19/28 for GDP growth in Europe, with the third lowest unemployment rate.
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Government & Economy of Canada
Canada has a constitutional monarchy form of government with a monarch as head of state. Parliament, made up of the monarch, Senate, and House of Commons, makes laws. The prime minister is head of the government and answers to Parliament. Canada is a federation with powers divided between the central government in Ottawa and provincial governments that control local affairs.
Canada government
Canada has a parliamentary democracy and a federal system of government. Power is shared between the federal and provincial governments. Citizens elect members to the House of Commons and vote in free elections. The leader of the party with the most seats in the House becomes Prime Minister. Canada's head of state is Queen Elizabeth II, represented by the Governor General, while the Prime Minister holds the most domestic political power.
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The document provides information about Canada, including its population, geography, climate, economy, exports, imports, and provinces/territories. Some key points:
- Canada's population was estimated at 36.4 million in 2016, up from 17.9 million in 1960.
- Canada has a diverse climate ranging from temperate to subarctic. Agriculture and natural resources like mining are important to its economy.
- Canada's GDP ranks 14th worldwide at $1.4 trillion. Major exports include agricultural products, minerals, and energy resources like oil. It has a trade deficit due to imports exceeding exports.
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2) A competitive firm is a price taker and will produce at the quantity where marginal revenue equals marginal cost, as this maximizes profits.
3) The marginal cost curve represents the firm's supply curve - at a higher price, the profit-maximizing quantity supplied increases as costs are covered at a greater output level.
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The document discusses the four main functions or jobs of money: medium of exchange, standard of value, store of value, and standard of deferred payment. It explains each function in detail. Money serves as a medium of exchange by facilitating transactions and reducing the inefficiencies of bartering. It acts as a standard of value by providing a common unit to measure and compare the relative worth of goods and services. However, money is only a short-term store of value and standard of deferred payment as inflation erodes its purchasing power over the long-run.
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Economics, Scarcity and Choices
Here are some potential questions I could ask and information I could gather by interviewing my parents about our family's budget:
1. How many people are in our family?
2. How many income earners contribute to our household budget?
3. Approximately how much does our family earn each month from jobs, businesses, investments, etc.?
4. How do you allocate our monthly income across major spending categories like housing, food, utilities, transportation, education, savings, etc.?
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The document discusses how governments aim to influence business activity and the economy through various economic objectives and policies. The key objectives for governments are low inflation, low unemployment, economic growth, and a balanced balance of payments. Governments use fiscal policy like taxes and spending, monetary policy involving interest rates, and supply-side policies to achieve these aims. They also regulate business activity to address undesirable impacts on society and the environment.
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This document provides an overview of externalities and how they can lead to inefficient market outcomes. It discusses:
1) What externalities are and how they can be negative or positive, depending on their impact on third parties. Negative externalities like pollution mean the market produces too much of a good, while positive externalities mean too little is produced.
2) How public policies like taxes or subsidies can "internalize" externalities by making producers and consumers consider these external impacts. A tax on pollution would align private and social costs, leading to the efficient level of production.
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1) Aggregate demand is the total demand for goods and services in an economy, including household spending, investment spending, government spending, exports and imports.
2) A rise in the price level causes aggregate demand to contract as real incomes fall, exports become less competitive, and interest rates may rise.
3) Shifts in aggregate demand, caused by factors like fiscal policy changes, monetary policy changes, or external economic events, impact the overall level of output in an economy.
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Tutor2u - Government Intervention – Subsidies
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Government & Economy of Canada
Canada has a constitutional monarchy form of government with a monarch as head of state. Parliament, made up of the monarch, Senate, and House of Commons, makes laws. The prime minister is head of the government and answers to Parliament. Canada is a federation with powers divided between the central government in Ottawa and provincial governments that control local affairs.
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Quebecs Independence Movement
- Quebec's independence movement seeks to protect French language and culture and have Quebec separate from Canada as an independent nation.
- Two referendums in 1980 and 1995 saw Quebec voters choose to remain part of Canada, though the 1995 vote was very close at 49.4% favoring independence.
- The Canadian government has tried to appease separatists through reforms that recognize French as an official language and require government documents be published in both English and French. However, some still believe Quebec should be fully independent from Canada.
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This document provides information about Canada, including its provinces, government, economy, famous Canadians, symbols, and suggested student activities. It describes Canada's system of government as a parliamentary democracy and constitutional monarchy. It lists the country's 10 provinces and provides brief descriptions of the roles of the Queen, Governor General, and Prime Minister. It also gives an overview of Canada's economy, imports, exports, and currency. Famous Canadians mentioned include John A. MacDonald, Alexander Graham Bell, Wayne Gretzky, and Lucy Maud Montgomery. Suggested student activities involve writing or puzzles related to topics covered in the document.
Canada's Environmental Issues
The Great Lakes are an important part of North America that provide water for many uses but have been impacted by pollution. Factories near the Great Lakes contributed to acid rain by releasing pollutants into the air and water. This pollution harmed water quality and plants and animals in the lakes. In 1972, Canada and the US created an agreement to limit pollution and protect the Great Lakes ecosystem. The Canadian Shield covers much of Canada and contains valuable mineral resources but over-extraction of minerals and timber has threatened future availability of resources. Today, Canada exports fewer raw materials and more manufactured goods, and requires environmental assessments of new projects.
Unit 5 Historyof Canada Part Two
The document outlines key events in Canada's path to independence and nationhood, including:
1) The War of 1812 united French and English Canadians in defending their land from U.S. invasion and increased a sense of Canadian nationalism.
2) After the war, Canadians grew frustrated with British rule and sought more autonomy. This led to the joining of Upper and Lower Canada into the Province of Canada in 1841.
3) The British North America Act of 1867 created the Canadian Confederation by joining together four colonies, establishing the foundations for Canada as an independent nation.
Canada History - Part I
The document provides a summary of the early colonization history of Canada. It describes how the First Nations peoples originally migrated to Canada over 12,000 years ago. It then discusses the early European explorers like the Vikings, John Cabot who claimed land for England, and Jacques Cartier who claimed land for France in the 1500s. France established the colony of New France in 1608 centered in Quebec. Tensions later arose between the British and French for control over Canada, culminating in the French and Indian War in 1754 where Britain gained control over Canada.
Environmental concerns canada
1. The document discusses several environmental issues affecting Canada: acid rain caused by air pollution from factories and vehicles, pollution of the Great Lakes, mining on the Canadian Shield, and the timber industry.
2. It explains how coal burning and vehicle emissions release chemicals into the air that mix with water to form acid rain, damaging trees, fish, and infrastructure. The Great Lakes suffered from industrial pollution until regulations were put in place. Mining damages land and releases chemicals while logging practices like clear-cutting reduced forests.
3. The government has taken steps to address these issues through new laws and regulations on industries, encouraging alternative transportation, and restoration projects.
Canada location-climate-natural resources -trading
Canada is the second largest country in the world located in North America between the Atlantic and Pacific oceans. It has a population of 33 million people, 90% of which live within 100 miles of the US-Canadian border. Canada benefits from its location and trade agreements which allow it to export natural resources and agricultural products that are produced due to its varied climate and soils. The southern part of Canada has a warmer climate suitable for farming crops, while the northern region has a harsh cold climate and is rich in natural resources like oil, gas, minerals and timber.
History of Canada- Exploration, Colonization, & Changes in Power
The First Nations people crossed the Bering Land Bridge and settled in Canada over 12,000 years ago. The Inuit are one of the First Nations still living in Canada today, notably in the territory of Nunavut. Europeans first arrived in Canada in 1000 CE as Norse settlers but later abandoned the settlement. John Cabot claimed eastern Canada for England in 1497. French explorer Jacques Cartier claimed the area along the St. Lawrence River for France in 1534, later establishing Quebec City in 1608. Britain defeated France in the French and Indian War, gaining control of Canada through the 1763 Treaty of Paris. Canada's increasing cultural diversity led to its confederation as a self-governing dominion within
Canadas Economy
Canada has a mixed economic system that is close to a market economy, with some government regulation of industries. It has strong natural resources like oil, gas, minerals, and forests. Approximately 5% of its land is suitable for farming, and its industries include transportation, chemicals, food processing, and lumber. Canada's economy is highly integrated with the US through trade agreements like NAFTA and it trades more with the US than any other country.
Canada healthcare system
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Canadas economy
Canada has a mixed economy that is closer to a market economy, with some government regulation. It has a strong economy based on natural resources like minerals and agriculture. Canada's largest trading partner is the United States. The North American Free Trade Agreement supports free trade between Canada, the United States, and Mexico. While Canada faces some economic problems like unemployment and resource depletion, its mixed economic system and abundant natural resources have made it economically strong overall.
Canadas economy2012
Canada has a mixed economic system that is close to a market economy. It has free enterprise and some government regulation. Canada's largest trading partner is the United States. Canada has abundant natural resources like oil, gas, minerals, and forests. It also has a highly educated workforce and invests in technology and infrastructure to support a diverse economy focused on manufacturing, resources, and trade. The North American Free Trade Agreement eliminated trade barriers between Canada, the US, and Mexico, allowing them to trade more freely.
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Canadas Economy
Canada has a mixed economic system that is close to a market economy, with some government regulation of industries. Canada's economy is strong, though not as strong as the US economy, but stronger than the European Union economy. Canada's largest trading partner is the United States. Canada has a high literacy rate of 99% and requires students to attend school until age 17.
Canadas economy
Canada has a mixed economic system that is close to a market economy, with some government regulation of industries. Canada's economy is strong, though not as strong as the US economy, but stronger than the European Union economy. Canada's largest trading partner is the United States. Canada has a high literacy rate of 99% and requires students to attend school until age 17.
Canadas economy
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Lesson 4 chapter 4 canada
Canada has a mixed economic system that is close to a market economy, with some government regulation of industries. Canada's economy is strong, though not as strong as the US economy, but stronger than the European Union economy. Canada's biggest trading partner is the United States. Canada has a high literacy rate of 99% and requires students to attend school until age 17.
Canadas economy
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Canadas economy
- 2. What do you like on a Sundae? What toppings do you like on an ice cream sundae? – Plain Vanilla? – Or absolutely everything? OR…
- 3. What do you like on a Sundae? Chances are, you were somewhere between plain and everything. – When discussing economies, most countries are somewhere “in between” When a country is not completely a command economy and not completely a market economy, but “in between”, it is called a Mixed Economy.
- 4. Most countries lie somewhere in between But, they may be closer to one side than the other
- 5. Review Types of Economies 1. Which type of economy lets businesses do whatever they want? 2. Which economy has the government making all the decisions? 3. Which economy do most countries have?
- 6. 3 Economic Questions… What to Produce? – Businesses decide and government approves/denies it How to produce it? – Businesses decide & government regulates procedures For whom to produce? – Businesses decide based on supply & demand (price) Which economic system does Canada have?…
- 7. Canada’s Economic System Canada has a Mixed economic system – It’s pretty close to a Market economy; however, there is some government regulation among industries – It does have Free Enterprise (competition between businesses) Canada is economically strong!
- 8. Mixed Economy Canada is a mixed economy, but it is closer to market than command
- 9. Canada’s Foreign Exchange Rate The price of 1 country’s currency compared to another… (exchange rate changes constantly) – 1 US dollar = 1.16 Canadian dollars – 1 US dollar = .80 EU euros – 1 Canadian dollar = 1.43 EU euros
- 10. Canada’s Natural Resources What’s available? – Minerals: iron ore, nickel, zinc, copper, gold, lead, molybdenum, potash, diamonds, and silver – Other Resources: fish, timber, wildlife, coal, petroleum, natural gas, hydroelectric power
- 11. Canada’s Land Use Only 5% of the land is arable (capable of being farmed)? – 5 = only in Southern Canada (Northern Canada’s terrain is permafrost!) – This is actually a large amount, considering Canada is the world’s 2nd largest country What are the major agricultural products? – Wheat, barley, oilseed, tobacco, fruits, vegetables, dairy products, forest products, fish
- 12. Canada’s Industries What’s being produced? –Transportation equipment, chemicals, processed and unprocessed minerals, food products, wood and paper products, fish products, petroleum, natural gas
- 13. Which country is Canada’s biggest trading partner? Exports: US77.7%, UK 2.7%, Japan 2.3% Imports: US52.4%, China9.8%, Mexico 4.1%
- 14. Canada’s Literacy Rate 99% (percentage of people over the age of 15 can read and write) How long are students required to stay in school? –17 years old
- 15. Canada’s GDP $1.518 trillion (2013) – 14th in the world GDP Per Capita--What is the value of goods and services produced per person? – $43,100 (2013) – 19th in the world
- 16. 4 Factors That Effect Canada’s GDP Human Capital: Canada is investing in education & training (check out literacy rate!) Capital Goods: Canada is investing in new technology & building new factories Abundant Natural Resources Entrepreneurship
- 17. North American Free Trade Agreement Signed by the US, Canada, & Mexico in the mid- 1990s, eliminated trade barriers between the 3 countries Free Trade! How has it affected Canada’s economy? allows them to trade more freely at a better cost, increase trade
- 18. Canada’s Economic Problems Unemployment & poverty Over-use of natural resources Acid rain from factories near Great Lakes region is destroying timber resources Improving public services (which forces the country to raise taxes)