How are the fundamental economic decisions determined in Canada?
A)Individuals,firms,and the government interact in a market to make these economic decisions.
B)These decisions are made by the country's elders who have had much experience in answering these questions.
C)The government decides because Canada is a centrally planned economy.
D)The United Nations decides because Canada is a developing economy.

Question

Quizplus · Accepted Answer

In Canada, the fundamental economic decisions are determined through market interaction between individuals, firms, and the government. This indicates that Canada has a mixed economic system where both market forces and government intervention play a role in decision-making.

How Are the Fundamental Economic Decisions Determined in Canada