ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the high level of entrepreneurship in the country
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the large amount of territory the country controls
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the high rate of literacy among the country’s population
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the location of the country in relation to the United States
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Detailed explanation-1: -Canada can meet its own petroleum needs and has a surplus of natural gas and electricity. The largest producing oil and gas fields are in Alberta, but potential reserves lie both in the Arctic and off the east coast. There are also large deposits of uranium and of oil and coal mixed in sands.
Detailed explanation-2: -Mineral production Canada is the global leader in the production of potash and ranks among the top five global producers for diamonds, gemstones, gold, indium, niobium, platinum group metals, titanium concentrate and uranium. Canada is also the world’s fourth-largest primary aluminum producer.
Detailed explanation-3: -Energy resources include natural gas, crude oil, crude bitumen (oil sands) and coal. Mineral resources include gold-silver, nickel-copper, copper-zinc, lead-zinc, iron, molybdenum, uranium, potash and diamonds. Timber reserves include timber stocks that are physically accessible and available for harvesting.
Detailed explanation-4: -A large part of its economy depends on the mining of natural resources, such as gold, zinc, copper, and nickel, which are used extensively around the world. Canada is also a large player in the oil business with many large oil companies.