--%>

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 : Consumer Surplus definition Can someone

    Can someone help me in finding out the right answer from the given options. The basic difference between the dollar amounts people would willingly to pay for a particular quantity of a good and the amounts that they do pay at a particular market price is termed as: (1

  • Q : Competitive market What do you mean by

    What do you mean by the term Competitive market?

  • Q : FDI WHAT ARE THE STRENGTH AND WEAKNESS

    WHAT ARE THE STRENGTH AND WEAKNESS OF THE THEORY OF FOREIGN DIRECT INVESTMENT

  • Q : Value of imports of goods The country’s

    The country’s balance of trade is Rs.500 crores. The value of exports of goods is Rs. 650 crores. What is the value of imports of goods?

  • Q : Fiscal and monetary policies in

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

  • Q : Define Tax revenue Tax revenue : Tax

    Tax revenue: Tax revenue is the revenue which occurs on account of taxes levied by government. Taxes are of two kinds: direct taxes and indirect taxes. Direct taxes are such taxes levied instantly on the property and income of person’s income ta

  • Q : Purchasing and consumption of

    The usual household maximizes the utility by spending all its money to purchase and consume a combination of goods which yields: (1) Fundamental physiological requirements and customary wants. (2) Maximum status and the social prestige. (3) Complete satisfaction of al

  • Q : Define involuntary unemployment

    Involuntary unemployment: Involuntary unemployment terms to a condition in which people that are willing to work are unable to obtain work.

  • Q : Microeconomics is studying economic

    is studying economic worth your time and effort

  • Q : Open-Economy Macroeconomics

    Open-Economy Macroeconomics   Suppose the structure of an economy with a flexible exchange rates is represented by:   C = 200 + 0.85*(Y - T)             &n