Question

Please read the following articles and answer to the questions.

The Quintessential Canadian

in the third millennium, we can imagine the Quintessential Canadian as someone who leaves a cinema after seeing an American movie, gets into a German carm and uses a Korean cell phone to make restaurant, where Dutch beer and Danish cheese are served.

On arriving home, the quintessential Canadian takes off a blazer made in Italy, a Taiwanese sweater, Chinese shoes, and slacks made in HongKong. The Canadian then puts on a leisure robe made in portugal from Egyptian cotton, brews a cup of Colombian coffee, turns on a Japanese CD player, sits in a den filled with Scandinavian furniture, switches on an Indonesian computer, and sens an e-mail to the local Member of Parliament to complain about high taxes and unemployment!

Question:

1. In your opinion, what impact do your buying habits have on the Canadian economy? On Canadian unemployment levels?

2. If you were to decide to buy on Canadian-made products, what impact would your decision have on the Canadian economy?

Answer 1

Q1.

Ans. The canadian buyin g habits shows adverse effect on candian economy and it promotes unemployement in the country because the canadian people are buying other country products instead of their own country's and also it slow down the growth of canadian economy because the domestic producers are nopt getting the chance to selll their output in the market as compared to the imports.

Q2,

Ans. By purchasing the candian made products

1. GDP of canada will be increased

2. promotion of indigeneous and domoestic buyers in the economy.

3. higher employment oppurtunities in canadian economy

4. establishment of more industries in economy

5. taxes will be reduced because of less use of imports.