U1 Canada's Economic Identity

Question 1

What is the primary economic model of Canada?

Answer 1

• Canada trades primary resources and buys back finished products
• Capital-intensive industries are funded with equipment rather than relying on skilled labor

Question 2

What has been the shift in Canada’s international trade?

Answer 2

• Increased export of finished products compared to primary resource-based exports
• Canada’s economic strength extends beyond primary resources

Question 3

How has technology advancement affected Canada’s primary resources?

Answer 3

• Improved equipment in primary resource industries has led to increased worker wages
• Knowledge-intensive activities and quality education contribute to Canada’s international leadership

Question 4

What are examples of primary industries in Canada?

Answer 4

• Agriculture, fishing, forestry, energy, and mining sectors
• Activities such as crop production, logging, and mining of metals and non-metals

Question 5

What is the definition of manufacturing in Canada?

Answer 5

Processing raw materials into finished goods

Question 6

What are examples of manufacturing industries in Canada?

Answer 6

• Processed food, beverages, primary metals, rubber, plastics, textiles, machinery, and more
• Manufacturing of items like tires, machinery, automobiles, furniture, paper, chemicals, etc.

Question 7

What are examples of service industries in Canada?

Answer 7

• Communication, construction, research and development, healthcare, transportation, government services
• Services provide intangibles and often require specialized expertise