--%>

Article on Agriculture and economic development

Read the article on blackboard in the assignments area, John McCallum "Agriculture and economic development in Ontario and Quebec until 1870", Gordon Laxer, ed. Perspectives on Canadian Economic Development: Class, Staples, Gender and Elites (Toronto: Oxford University Press, 1991).

a. Which colour/region on the game board seems to have the best chance of winning? Explain your reasons?

b. If you think of Canada in 1867, is this game board historically accurate? How would you change the game board, or the conditions at the start of the game to make it more historically accurate?

c. If you were to play with the game board that you described in part b, then which colour/region on the game board would have the best chance of winning? Explain your reasons.

Answer:

(i) Green coloured region, Ontario, seems to have the best chance of winning the game. There are many reasons to choose this region as the favourite. Few of them are better agricultural productivity, higher per capita GDP, larger amount of land per capita, and subsequent development of institutions like banks. Furthermore, even the industries of this region were better developed than that of other regions.

(ii) The depiction in the game seems to be inaccurate if we take into account the geographical distribution of Canada in 1867. There was no place called Manitoba and Labrador during that period. Similarly, Alberta was not there, among other different regions.

Though the regions are not representative as it were on 1867, there is no change required in the beginning of the game. The main things to change will the names of the territories since the resource endowment does not change with nomenclature.

(iii) The assertion of first part remains valid and still Ontario seems to win the game.

   Related Questions in Macroeconomics

  • Q : Market shift when exporting When the

    When the U.S. furniture market is primarily in equilibrium at point e on S0D0 and then Chinese manufacturers start exporting more furniture to the United States, then this market would shift towards a new equilibrium at: (1) point a. (2) point b. (3) point c. (4) poin

  • Q : Invesstment multiplier what can be the

    what can be the minimum value of investment multiplier?

  • Q : Perfectly substitutable outcome Firms

    Firms which serve customers who vision the firm’s output as perfectly substitutable for the outcomes of huge numbers of other firms confront: (i) Horizontal (that is, perfectly price elastic) demand curves. (ii) Predatory pricing from greater mo

  • Q : Where is macroeconomics mainly focus I

    I need a good answer on the topic of Economic problems. Please give me your suggestion for problem which is specified below: Macroeconomics focuses mainly on: (i) inflation, unemployment, economic growth, and other aggregate econom

  • Q : Economic growth model Explain the main

    Explain the main features of Harrod - Domar Growth model. How does the Harrod Domar model explain the occurrence of trade cycles?

  • Q : Relationship between interest rate and

    What is the relationship among interest rate and bond prices? Is there any difference among T-Bills versus Corporate bonds in reaching your assessment? Whenever the stock market falls, where do you assume that most investor place their money and why?<

  • Q : Fiscal and monetary policies in

    Explain the impact of changes in fiscal and monetary policies in curtailing inflation?

  • Q : Demand curves when longer periods are

    Whenever longer periods are considered and hence bigger ranges of adjustments (that is, substitutions) become probable, demand curves tend to become: (i) Flatter, and therefore do supply curves. (ii) Flatter, as supply curves become steeper. (iii) Ste

  • Q : Computing Fiscal deficit In government

    In government budget, primary deficit is Rs. 10,000 crores and interest payment is Rs. 8,000 crores. Compute the fiscal deficit?

  • Q : Expenditure of money on party effects

    When you pay a straight A student in advance to write up your term paper and that person expends the money on a party and then, hung-over, can’t do a good job and hence you wind up with an F for submitting sloppily written gibberish, you encompass just suffered