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1. Consider each of the following statements. Is it true or false? You do not need to justify your answer. (5% each) (a) 0n the

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1. Consider each of the following statements. Is it true or false? You do not need to justify your answer. (5% each) (a) 0n the Laffer Curve, the government should always aim to maximize taxes at a rate of T*. (b) The federal government controls Sable Island, Nova Sootia. (c) If the federal government wishes to slash all university tuition throughout Canada, then this would be easy to do. (d) Government rating agencies include Moody's and Fitch. (e) The government can always print money, without consequences, in order to pay for public programs. (f) There is no federal Ministry of Education in Canada. (g) If a First Nations tribe wants to sell its land to the provincial government, then it is perfectly free to do so. (h) If a federal political party proposes to implement a National Pharmacare program, then this is perfectly possible. (i) It is possible to increase tax revenue while lowering tax rates. (j) The provincial governments can issue their own paper money, except for Quebec

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