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Identify the elements of scarcity

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1. In 2020, the government of Canada was looking to obtain more nursing and doctors' gowns for their hospitals across Canada. Canada Goose is a Canadian clothing manufacturing company and agreed to produce gowns for the government using their existing manufacturing facilities which were currently used for production of their iconic winter coats.

a. Identify the elements of scarcity, choice, and opportunity cost for Canada Goose.

b. What is the effect on Canada Goose's production possibilities curve (PPC) when they decided to manufacture the gowns? Provide a graph, if necessary.

c. Discuss the ethical considerations for Canada Goose regarding the production possibilities of the gowns.

2. The current pandemic has produced what some Canadian economists term a 'she-cession', effectively meaning that there has been a much greater negative impact on female workers than on male workers. Many women have left the workforce, while men have added to the workforce during the pandemic.

a. What effect has the 'she-cession' had on unemployment and the economy?

b. What economic tools should Canada use to combat this 'she-cession' situation for temporary and long-term?

Reference no: EM132900740

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