Section 4 - Quebec Economics

Question 1

How was Quebecs economy in 1980s? (What is the term used to describe it?)

Answer 1

QC was in a deep recession

Question 2

What was the unemployment rate in the 1980s?

Answer 2

12-15%

Question 3

What was done to reduce government expenses?

Answer 3

Cuts were made to social programs

Question 4

Government increased its neo-liberalism. What is this?

Answer 4

Reduced amount of government intervention in business. Greater privatization of government services (hospitals, etc.)

Question 5

Civil society groups expressed opposition to neo-liberalism. What did they expect?

Answer 5

Expected governments to work to reduce economic inequalities in the population; spend more $

Question 6

Who was in the North American Free Trade Agreement? (NAFTA)

Answer 6

Canada, USA, Mexico

Question 7

What years was the NAFTA?

Answer 7

1992-1994

Question 8

Explain the NAFTA

Answer 8

No tarifs on goods made and traded within the three countries (canada, usa, mexico)

Question 9

What was a consequence of NAFTA?

Answer 9

Increased QC and Canadas globalization; a lot of trade between many countries around the world + QC exported many goods and resources (airplanes, iron ore, oil)

Question 10

What is Quebec Inc?

Answer 10

A group of large francophones/quebec based companies (Bombardier, Provigo-Lablaws, SNC-Lavalin)

Question 11

What is Social Economy?

Answer 11

An economic practice that seeks to help a community
ex: a restaurant hiring workers with intellectual disabilities