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Canada's strong market economic system MOST CLOSELY resembles that of A) Nigeria. B) Argentina. C) North Korea. D) the United States.

HURRY PLZZZZZZZ ( 33 POINTS )

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Answer:

Canada's strong market economic system most closely resembles that of the United States.

Explanation:

The Canadian Economic System is based in the same principles of the United States' Economy which is also its principal commercial partner. Both of them has got a lot of natural resources but their economy is highly diversified. They have developed the high technology industry and the service sector.

North Korea has a Communist Command Economy based in the Heavy Industry and Mineral Resources exploitation.

Nigeria has an Economy based in the natural resources exploitation. Its principal product is Petroleum.

Argentina has a lot of natural resources and used to have a diversified economy with an important industrial sector but decades ago the economy   gradually closed to trade and began to lose developing potential.

Answer:

Canada’s strong "market economic system" most closely "resembles that of the United States".

Explanation:

  • After the world war II, Canada’s growth in manufacture, mining, service sector has "transformed the nation" from rural to urban. It resembles United States in "market oriented economic system", living standards.
  • There are good trade agreements between both countries. Canada is the largest supplier of energy, oil, electric power to Unites states.  
  • In spite of the economic recession in 2008, Canada emerged as the strongest economies with conservative lending practices and capitalization.  

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