--%>

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 : Inflation movements and factors Use

    Use economic theory to explain the inflation movements and factors influencing it. Use relevant models to explain the impact of changes in fiscal and monetary policies in curtailing inflation.

  • Q : List Which of the following lists

    Which of the following lists includes only capital resources (and ther Which of the following lists includes only capital resources (and therefore no labor or land resources)?

  • Q : In which of these two statements

    "In corn market, demand often exceeds supply and supply sometimes exceeds demand." "The price of corn rises and falls in response to changes in supply and demand."

  • Q : Market demand curve for new houses The

    The market demand curve for latest houses would rise in response to a rise in: (1) construction technology. (2) The costs of lumber. (3) Housing prices. (4) Legal price ceilings on rental properties. (5) Expectations regarding future housing prices.

    Q : Illustration of arbitrage The

    The illustration of arbitrage takes place when: (1) Enterprising students purchase used textbooks much cheaply on E-Bay and sell them to another students at lower prices than bookstore charges. (2) Ivan purchases a stock when it is cheap and sells it

  • Q : Value of MPC when MPS is zero Determine

    Determine the value of MPC whenever MPS is zero? Answer: Whenever MPS = 0, MPC = 1 – 0 = 1.

  • Q : Marginal utility of good at its maximum

    Can someone help me in finding out the right answer from the given options. The consumer maximizes utility whenever the spending patterns cause: (1) Marginal utility of each and every good to be at its maximum value. (2) Marginal utilities of each and every goods cons

  • Q : Principles of macroeconomics What are

    What are the “powers of the Federal Reserve

  • Q : Greatest Consumer Surplus problem I

    I have a problem in economics on Greatest Consumer Surplus. Please help me in the following question. Usual Americans undoubtedly derive the greatest consumer surpluses from the: (i) Summer vacations. (ii) Jelly and Peanut butter. (iii) Gold jewellery

  • Q : Problem onto marginal tax rates A

    A prosperous person who made higher and higher incomes yearly would possibly benefit most from: (w) proportional tax system. (x) progressive tax system, much like the one in place today. (y) regressive tax system. (z) fixed percentage tax system.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1417321 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1949032
    Asked

    3,689

    Active Tutors

    1417321

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.