Canada: Geography, Economy and Justice
Canada's economy can best be described as which type?
- ○A centrally planned economy
- ✓A trading nation with a market-based economy
- ○A subsistence-based agricultural economy
- ○A closed economy with high trade barriers
Correct answer
A trading nation with a market-based economy
Canada is a trading nation with a market-based economy. It relies heavily on international trade — especially with the United States — and values free enterprise.
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