Question

If the government continues to invest in capital goods, how will Canada's economy be effected?

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Group of answer choices

The economy will grow due to increased productive efficiency.

The economy will shrink due to increased unemployment rates.

The economy will shrink due to increased government spending

THe economy will grow due to increased government regulations.

Flag question: Question 2
Question 233 pts
The North American Free Trade Agreement (NAFTA) between the United States, Mexico, and Canada was designed to do what?



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Group of answer choices

raise environmental standards.

increase trade and eliminate tariffs.

allow people to move freely between the countries.

create a military partnership between the countries.

Flag question: Question 3
Question 333 pts
Both tariffs and quotas are typically used for what purpose?

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Group of answer choices

lowering the prices of goods for domestic consumers

protecting domestic markets from foreign competition

improving the standard of living of domestic populations

reducing the costs of production for domestic business

Answer 1

Q1: The economy will grow due to increased productive efficiency.
- Investing in capital goods raises the economy's productive capacity and efficiency (more/better machines, infrastructure), which promotes growth.

Q2: increase trade and eliminate tariffs.
- NAFTA’s main goal was to reduce trade barriers (tariffs/quotas) among the U.S., Canada, and Mexico to boost trade.

Q3: protecting domestic markets from foreign competition.
- Tariffs and quotas restrict imports to shield domestic producers from foreign competitors.