Question 1 In a mixed economy such as Canada's, the goal of economic equity is pursued Not yet through answered Marked out of Select one: 1.00 O a. private ownership. Flag question O b. collectivization. O c. progressive income tax rates. O d. laissez-faire competition.Gueson 2 Not yet answered Marked out of 1.{][} F Flee question Use the following statement to answer the question The federal government proposes to form a major Crown Corporation in the petrochemical industry. Howr would Canadian citizens who firmly believe in the principles of liberalism respond to the statement below? Select one: 0 a. They would feel that the statement is inappropriate because of its "left wing" orientation. 0 b. They would feel that the statement is consistent with their beliefs. 0 c. They would feel that the statement is inappropriate because of its extreme "right wing" orientation. Q d. They would be ideologically neutral to the statement. Question 3 Use the following information to answer the question Not yet Economic System Features: answered o Government fiscal restraint Marked out of Encouragement of entrepreneurship 1.00 o Market allocation of resources Flag o Privatization of key government enterprises question The economic system identified by the above characteristics is a Select one: O a. command economy. O b. mixed economy. O c. capitalist economy. O d. transitional economy.Question 4 A supporter of an economic system that promotes competition would most Not yet likely oppose an economic system that promotes answered Marked out of Select one: 1.00 O a. nationalization of key industries. Flag question O b. protection of consumer rights. O c. progressive taxation. O d. all of the above.Question 5 Use the following excerpt to answer the question Not yet answered There are still many people who assume that the experience of communism in Marked out of Eastern and Central Europe was one of unmitigated tyranny in which everyone 1.00 was a victim except for the party bureaucrats and the secret policemen. Today, Flag when democracy and capitalism have led to unemployment, economic question insecurity, and reduced access to healthcare in former Soviet satellite countries, that view of history won't do. The ideas put forward by the late communist governments were by no means all bad. Communist governments created communities that included secure employment, access to social programs, and peace and stability. Although none of these communities has survived, those who lived in them now view the results of free-market economics and politics harshly. Who can blame them? According to the source, command economies in former Soviet States Select one: O a. led to reduced economic freedom and reduced prosperity. O b. were accepted only because citizens feared the government. O c. were often more effective than today's free-market capitalism. O d. neglected the well-being of citizens in favour of the advancement of the elite.Question 6 Philosophy Policy Not yet Keynesian economics Nationalization of the means of production answered Economic nationalism Globalization of trade Socialism Privatization of key industries Marked out of Economic conservatism Deregulation of the marketplace 1.00 Use the table to answer the question. Flag question Choose the economic philosophy that is correctly matched with a resulting policy. Select one: O a. Keynesian economics O b. Economic nationalism O c. Socialism O d. Economic conservatismQuestion 7 The economic theories of John Maynard Keynes were instrumental in the Not yet implementation of answered Marked out of Select one: 1.00 O a. Reagan's supply-side economics. Flag question O b. Lenin's "New Economic Policy". O c. Roosevelt's "New Deal". O d. Mussolini's corporate state.Question 8 Not vet answered Marked out of LED 1" Flee question Which of the following statements describes best the values and beliefs be hind the Canadian economic svstem'? Select one: 0 a. Capitalism can solve most economic problems if it is unregulated. O b. Capitalism can solve most economic problems if regulations protect consumers and the environment. 0 c. Capitalism can solve most economic problems if there is public management of some essential services. 0 cl. Capitalism can solve most economic problems as long as production and distribution of goods and services are tightly:r controlled by government agencies. Duescn 9 Not vet answered Marked out of 1330' F Flee question Use the following information to answer the question |Question: Does high taxation restrict economic growth? Policy: A government increases taxes to provide larger transfer payments to poorer regions of a country. Who would oppose the above policyr by making the point that higher taxation restricts economic growth? Select one: 0 a. A neo-conservative, market-oriented economist O h. A left-leaning, socialist economist O c. A Marxist-leaning, radical economist Cl cl. A moderate. Keynesian, liberal economist Question 10 Use the following information to answer the question Not yet answered News Report: Recent indicators show that economic growth is being hindered Marked out of by bureaucratic inefficiency and a lack of competitiveness. 1.00 Recommendation: Government should deregulate business and privatize Flag publicly-owned enterprises. question Which of the following assumptions underlies the above recommendation? Select one: O a. Economic freedom allows profits to be taken from failing industries and reinvested elsewhere. O b. Economic freedom will allow the economy to adjust to the natural rules of the marketplace. O c. Economic freedom encourages personal initiative, consumer sovereignty, and flexibility. O d. Economic freedom leads to more stable economic growth.Question 11 Adam Smith and Karl Marx held opposing views about how the economy of a Not yet nation should be managed. However, each believed that, if his system were answered used in a nation, the end result would be Marked out of 1.00 Select one: Flag question O a. equal prosperity for all. O b. the common good for citizens. O c. improved competitiveness in the global economy. O d. sustainable economic growth.Question 12 Taken together, the introduction of Gorbachev's perestroika in the Soviet Union Not yet and Roosevelt's New Deal in the United States could be used to support the answered generalization that Marked out of 1.00 Select one: Flag question O a. as financial conditions worsen, governments restrict economic freedom. O b. desperate times require extraordinary measures. O c. radical departures from tradition are doomed to failure. O d. government intervention in the economy is rarely successful.Question 1 3 Not vet answered Marked out of 1.130 f' Flee question Supply-side economists would resist the idea of increasing corporate taxes as a means of reducing the national debt because thev believe that Select one: 0 a. corporations provide valuable employment opportunities by reinvesting profits. 0 b. corporate shareholders will reap larger dividends and buy more goods and services. 0 o. private sector business accounts for a small percentage of production. 0 d. entrepreneurs should bear the main responsibility:r for controlling the deficit. Question 14 The economies of the United States and the former Soviet Union differed Not yet most in the degree to which their governments encouraged answered Marked out of Select one: 1.00 O a. consumer rights. Flag question O b. economic growth. O c. environmental protection. O d. economic equality