SS 10 Chapter Eight Test …..things to review hint hint

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

Pg 306-307


Long Answer Questions:

  1. How are the Canadian and American economies linked? What steps did Canada take to ensure an identity independent from America?
  2. 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?
  3. Define demographics. How can knowledge of demographics help predict the economy and markets of the future?