--%>

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 : Issues of macroeconomic policy Hello

    Hello guys I want your advice. Please suggest your answer for following economics problems. Macroeconomic policy matters focus upon: (w) price determination within specific markets. (x) conduct and structure of mar

  • Q : Money-just another good ‘What occurs in

    ‘What occurs in the money market when there is a raise in income?’

  • Q : Substitution Effect explanation Can

    Can someone help me in finding out the right answer from the given options. The substitution effect is fully explained when: (i) Brandon just eat tofu since he is on a diet. (ii) A rise in the price of corn chips drives up demand for the salsa. (iii)

  • Q : Income approach to evaluate national

    Explain in short the income approach to evaluate national income. Answer: Under income method to compute the National Income, the steps given below have been taken into account: A) First of all production units tha

  • Q : Principles of macroeconomics What are

    What are the “powers of the Federal Reserve

  • Q : Help If the price of K declines, the

    If the price of K declines, the demand curve for the complementary project J will:

  • Q : State the Income Effect Can someone

    Can someone please help me in finding out the accurate answer from the following question. The Income effects are: (i) Adjustments people make since the purchasing power of the given income is modified whenever prices change. (ii) Adjustments people make since the pur

  • Q : Sources of demand for foreign currency

    State main sources of demand for foreign currency? Answer: The four main sources of demand for foreign currency are as follows: A) To buy services and goods from other countries. B) To send a gift abroad.

  • Q : What is long run supply curve Please

    Please brief the knowledge what is long run supply?

  • Q : Reduction in quantity When equilibrium

    When equilibrium moves from point a to point b in the figure shown below, the only market experiencing a reduction in quantity supplied is illustrated in: (1) Panel A. (2) Panel B. (3) Panel C. (4) Panel D.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1441952 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1932387
    Asked

    3,689

    Active Tutors

    1441952

    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.