Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi please circle the best answer of love of increasing relative cost 21. Brain Drain is a common occurrence in Canada because of: a) increased

Hi please circle the best answer

image text in transcribedimage text in transcribedimage text in transcribed
of love of increasing relative cost 21. "Brain Drain" is a common occurrence in Canada because of: a) increased taxes in Canada b) decreased global expansion for employment c) political unrest d) health carea) imports 22. The GDP equation is C-G+I-(X-M). What does the I represent? b) interest c) business investment d) personal income 23. GNI stands for: a) gross national imports b) gross national income c) gross national interest d) gross national investment 24. Mixed. command and market economic systems all pose the same three questions? What are they? a) what. when and why should we produce these goods? b) what. how and where should we produce these goods? c) what. how and for whom should we produce these goods? d) why. how and when should we produce these goods? 25. The equilibrium price is: a) the price at which demand and supply are equal b) the representation of market forces that create supply c) the price where shortages and surpluses determine market demand d) the price set by the interaction of supply and demand 26. The Circular Flow of Income is an economic model depicting money payments that flow through the economy and includes all of the following categories: a) government. consumers. businesses b) government. consumers. businesses, leakages, injections () government. consumers, businesses, leakages. injections, ROW dj government. consumers, businesses. leakage injections. ROW, environment their best customers is called the27. The lowest rate of interest that banks in Canada offer to their best customers is called the: a) prime rate b) bank rate c) premium rate d) real rate of interest 28. Fair prices, empowerment of disadvantaged workers, no forced child labour and safe and clean working conditions are all part of the mandate for: a) globalization and immigration b) the United Nations c) fair trade d) investment in productive resources 29. The Great Depression of 1929 was worse than the Great Recession of 2008 and most likely the Pandemic of 2020 (and onward) because in 1929 there were no: a) bank reserves to prevent over lending b) automatic stabilizers like unemployment insurance and progressive taxes. ") government controls on stock valuations d) computers to calculate how bad the recession really was 30. China's communist government prefers to describe their economic system as a: a) mixed market economy b) traditional economy c) benevolent command economy d) socialist market economy

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

China's Air Pollution Problems

Authors: Claudio O Delang

1st Edition

1317209281, 9781317209287

More Books

Students also viewed these Economics questions

Question

Please help me evaluate this integral. 8 2 2 v - v

Answered: 1 week ago

Question

13. Give four examples of psychological Maginot lines.

Answered: 1 week ago