This assignment relates to the following Course Learning Requirements:

1 - Define the economic problem and explain the different types of economic systems that have been used to allocate resources and distribute output.

2 - Analyze how the market system allocates resources.

3 - Assess the economic, political, and institutional forces affecting the distribution of in income in Canada today.

4 - Examine the performance of the macroeconomy over time and explain the link between this performance and the problems of unemployment and inflation.

5 - Analyze the economic factors that affect the level of aggregate economic activity over time.

6 - Evaluate government policies to stabilize the macroeconomy.

7 - Analyze Canada's international economic relationships, including trade polices, and examine their impact on the domestic economy.

Objective of this Assignment:

To describe the economic impact on Canada and environmental concerns from the agreement to participate in the Keystone XL Pipeline and its eventual shutdown.

Pre-Assignment Instructions:

1. Conduct research about the Keystone XL Pipeline regarding what it is, the agreement between Canada and the US, its economic and environmental impact, and shut down.

Assignment Tasks:

Analyze the economic impact of the Keystone XL Pipeline on the Canadian economy, individual Canadians, and the relationship between Canada and the US.

1. Describe at the Keystone XL Pipeline project with respect to what it is and the agreement between Canada and the US.
2. Describe in general the economic impact of the project and then the environmental concerns. Do not include the impact from its shut down in this section.
3. Using your knowledge of microeconomics learned from this course describe the following from Canada's perspective:
4. What industries specifically would benefit from this project?
5. What would the project do for the livelihood of the people employed by the project?
6. How has the shut down of the pipeline impacted the industry and people that were employed by the project?
7. Using your knowledge of macroeconomics learned from this course, describe the following:
8. What benefits would the XL Pipeline have provided for the federal government of Canada and Canadians? (Hint: Consider tax revenues and jobs)
9. What concerns would the XL Pipeline have created for the federal government of Canada and Canadians? (Hint: Consider the environmental effects)
10. What has been the impact of the shutdown on the economic relations between Canada and the US?
11. If you were the Prime Minister of Canada,
12. How would you use the shutting down of the XL Pipeline to negotiate with the US President for better trade relations for Canada?
13. What would you do to help the individuals negatively impacted by the shutdown of the Pipeline?

to be submitted in MS WORD format. It should be submitted with the following guidelines:

1. Provide your answer in a report for with length 2,000 - 2,500 words for questions 1 to 5. Use 12 point Arial or Calibri font. Single Spaced. This is equivalent to approximately 500 words per page.
2. Any graphs, charts, or diagrams that you wish to include must be referenced in the report and placed in an appendix to your report.
3. You must cite all your sources of information using APA formatting.

Create a separate reference page that lists all of your sources that you have cited in your text. Sources include software used. Also, personal communications from a professional in the field count as a reference source.