1) Which group has the highest voter participation rate in Canada? which is correct

a) less-educated youth.

b) educated adults and the elderly.

c) educated youth.

d) less-educated adults.

2) Which of the following statements is not correct about Adam Smith's definition of economics? which is correct

a) The government, Instead of trying to direct the economy, should leave it working alone.

b) Establishing a powerful government is the only way to make order out of the chaos of the self-seeking activities of large numbers of people.

c) No choice answer for this question is correct.

d) Markets would coordinate and regulate the economy, harnessing self-interest to achieve material progress for the whole society.

3) Briefly explain why labour market contracts are incomplete?

4) when J. Stiglitz proposes to end "too big to fail to make capitalism more equitable, he means: which is correct

a) Avoid that private financial organization or other businesses become so important for the economy that the taxpayer must pay to prevent those organizations to go bankrupt.

b) The nationalization of the entire financial system and private business to make them enough strong and stable to avoid bankruptcy.

c) Avoid that government banks and other public organizations become so important for the economy that the taxpayer must pay to prevent those organizations to go bankrupt.

d) Encourage the formation of private financial organization trusts to become so strong that it is impossible they go bankrupt.

5) How can we understand the ownership of capital goods in a capitalist economy? which is correct

a) All answer choices for this question are correct.

b) It gives control over the disposition of the surplus product to the capitalist class.

c) It can be seen as granting income rights to capitalists. These are the rights that establish claims on the Interest, rent, dividends, and other payments. all answer choices for this question are correct.

d) It gives employers control rights that establish their right to control what goes on in the workplace, including how it is organized.

6) Refer to the paragraph below. What market failure (s) show the situation depicted in the paragraph? how it can be solved?

"Lake Winnipeg is "just the tip of the iceberg," says UBC water expert Hans Schreier. Globally, the problem is known as "eutrophication"-is the "No. 1" water quality issue we face says Saki. The culprit isn't oil spills, toxic waste or even pesticides, but nutrient overloading from fertilizers, human and animal waste. Nitrogen and phosphorus do precisely in water what they do on land: cause plant life to run wild and multiply like crazy. The process is accelerated by the channelization of waterways to allow rapid runoff from farmer's fields and the destruction of wetlands and riverbank areas. Wetlands, "nature's kidneys," which act as natural filters and nutrient traps, have been reduced by 70 percent in Canada. In the Red River Valley. which contributes 66 percent of Lake Winnipeg's phosphorus load, wetlands have seen a hundredfold reduction. Manitoba's so-called "hog boom," meanwhile, has seen the number of hogs on the watershed swell to 8.2 million, dumping an annual excrement load equivalent to at least 30 million humans. Alberta, the western limit of the lake's catchment area, has another eight million head of hogs and cattle ( MacDonald, 2009)".

7) The situation depicted by the graph above is an outcome of the fact that before 1900 there was in America huge income inequality against labourers, which encouraged the labour class to participate in the political elections to fight for their rights through influencing policies. Because time after time, there is a lower income gap between labourers and corporation owners, the majority of potential voters have nothing to ask in the political elections so they are indifferent to who is going to govern the nation. it is True or False. please see the picture below.