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I can describe the role of entrepreneurship.

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I can describe the role of entrepreneurship.

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Entrepreneurs occupy a central position in a market economy. For it's the entrepreneurs who serve as the spark plug in the economy's engine, activating and stimulating all economic activity.

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I can describe the role of natural resources in a country’s economy.

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I can describe the role of natural resources in a country’s economy.

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Natural resources such as oil, gas, minerals and timber are expected to continue to play a significant role in resource abundant economies, as demand from rapidly growing economies increases, and as supplies of non-renewable resources decline and renewable resource harvests approach maximum sustained yield levels.

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I can explain the relationship between investment in capital goods.

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I can explain the relationship between investment in capital goods.

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Investment in physical capital relates to a higher GDP. More advanced factories, machinery, and technology creates a more productive workforce, which leads to greater economic growth.

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I can explain the relationship between investment in human capital.

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I can explain the relationship between investment in human capital.

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Human capital is positively correlated to economic growth since investment tends to boost productivity. The process of educating a workforce is a type of investment, but instead of capital investment such as equipment, the investment is in human capital.

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I can evaluate how literacy rates affect the standard of living. 

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I can evaluate how literacy rates affect the standard of living. 

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Literacy rate is the amount of people in a country who can read and write. High rates of literacy are often found in developed of industrialized countries.

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I can explain the functions of the North American Free Trade Agreement.

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I can explain the functions of the North American Free Trade Agreement.

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The agreement is between the United States, Canada and Mexico, and was initially created to help lower costs of trade and bolster North American trade. The agreement eliminated almost all tariffs and taxes on imports and exports. The agreement also rid the three countries of trade barriers.

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I can explain why international trade requires a system for exchanging currencies between nations. 

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I can explain why international trade requires a system for exchanging currencies between nations. 

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this is because every country does not use the same type of money, international trade requires a system for exchanging currencies between nations. Money from one country must be converted into the currency of another country to pay for goods in that country. This system is called foreign exchange.

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I can compare and contrast different types of trade barriers.

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I can compare and contrast different types of trade barriers.

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Tariffs cause the consumer to pay a higher price for an imported item, increasing the demand for a lower-priced item produced domestically. Quotas are limits on the amount of a good that can be imported into a country. Quotas can cause shortages that cause prices to rise. Embargoes forbid trade with another country.

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I can explain how specialization encourages trade between countries. 

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I can explain how specialization encourages trade between countries. 

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Specialization encourages trade between countries because a country can get what it needs at the lowest cost when it is produced by another country that specializes in that item. Sometimes countries set up Trade Barriers to restrict trade because they want to sell and produce their own goods.

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I can describe the economic system of Canada.

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I can describe the economic system of Canada.

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The economy of Canada is a highly developed market economy. It is the 10th largest GDP by nominal and 16th largest GDP in the world. As with other developed nations, the country's economy is dominated by the service industry which employs about three quarters of Canadians.

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I can explain that countries have a mixed economic system located on a continuum.

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I can explain that countries have a mixed economic system located on a continuum.

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A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.

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I can compare how traditional, command, and market economies answer the economic questions.

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I can compare how traditional, command, and market economies answer the economic questions.

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Several fundamental types of economic systems exist to answer the three questions of what, how, and for whom to produce traditional, command, market, and mixed. They determine such things as which goods and services to produce, their prices, and wage rates.

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I can describe the role of citizens in choosing the leader of Canada. 

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I can describe the role of citizens in choosing the leader of Canada. 

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Citizens vote for members of Parliament, members choose the Prime Minister. Citizens must be 18 to vote, but voting is not required by law. As a democracy, its citizens must participate in voting and elections.

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I can Explain the causes and effects of the extraction of natural resources on the Canadian Shield.

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I can Explain the causes and effects of the extraction of natural resources on the Canadian Shield.

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The Canadian Shield is a large area of thin, rocky soil that surrounds the Hudson Bay. Beneath the soil is one of Canada’s most valuable resources: minerals (gold, silver, copper, zinc, lead, iron ore, uranium, & nickel.)

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I can explain the causes and effects of pollution and acid rain in Canada

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I can explain the causes and effects of pollution and acid rain in Canada

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Acid rain is caused largely by sulphur dioxide and oxides of nitrogen emitted by industrial activities such as coal burning. The gases dissolve in rainwater to form acids. ... Between 50% and 70% of Canada's acid rain comes from the United States, while only 2-10% of America's pollution in this area comes from Canada.

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I can describe how Canada’s location, climate, and natural resources impact trade and affect where people live.

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I can describe how Canada’s location, climate, and natural resources impact trade and affect where people live.

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it’s bound by three oceans: the Atlantic on the east, the Arctic on the north, and the Pacific to the west which helps trade. Most of the southeastern part of Canada has a humid continental climate. This zone is between the subtropical climate to the south and the subarctic climate to the north.

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I can locate on a political-physical map Canada and the province of Quebec

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I can locate on a political-physical map Canada and the province of Quebec

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Québec is a predominantly French-speaking province in eastern Canada with 2 vibrant cities in its south, connected by the Chemin du Roy highway along the Saint Lawrence River.

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I can locate the physical features of canada on a map.

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I can locate the physical features of canada on a map.

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All of these physical features include: the St. Lawrence River, Hudson Bay, Atlantic Ocean, Pacific Ocean, the Great Lakes, Canadian Shield, and Rocky Mountains.

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(I can describe Quebec's independence movement)

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(I can describe Quebec's independence movement)

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The Quebec sovereignty movement is a political movement as well as an ideology of values, concepts and ideas that advocated independence for the Canadian province of Quebec.