The Business Cycle
Study and understand the diagram on the business cycle. Pg 311. Figure 8-12 in your textbook.
The Law of Supply and Demand
Long Answer Questions:
- How are the Canadian and American economies linked? What steps did Canada take to ensure an identity independent from America?
- In a paragraph answer explain the 1994 North American Free Trade Agreement (NAFTA). How can it be seen as positive for Canada? How can it be seen as negative for Canada?
- Define demographics. How can knowledge of demographics help predict the economy and markets of the future?