Reference no: EM133201630

Assignment:

Question 1 The sources of investment spending in Canada...

• are only private saving
• cannot be public saving because government's run permanent deficit
• include foreign saving
• are only business retained earnings

Question 2. The monetarist explanation of the Great Depression in Canada argues

• that money supply during the period was too generous
• that "inflation adjusted" interest rates were too low
• that money supply was inadequate to support economic growth
• could have had no economic impact since it could not be measured

Question 3. The Keynesian explanation for the Great Depression was...

• based on the development of a "vicious cycle" of declining spending and employment
• based on excessive levels of government spending
• inappropriate actions by the Bank of Canada
• a global trade war

Question 4. During the period between Confederation and the First World War the greatest source of revenue for the federal government came from:

• Personal income taxes
• Corporate income taxes
• The GST
• Customs and excise duties

Question 5. Inflows of foreign capital to purchase Canadian production facilities would be an example of:

• Direct investment
• Portfolio invetment
• Foreign transfers
• Trade imports

Question 6. The largest number of immigrants into Canada in a single year happened:

• In 2018
• During the Second World War
• In the first decade of the 1900s
• Immediately following the Second World War

Question 7. Running a current account deficit:

• Results in foreign capital required to expand investment being unnavailable
• Results in some of the capital required to expand investment coming from foreign sources
• Results in a reduction in total saving
• Is no longer permitted because of NAFTA

Question 8. Which of the following is correct?

• During the 1930's Depression Canada's GDP fell by about 30 percent...in line with the US contraction
• During the 1930's Depression Canada's GDP experienced only a small contraction compared to the United States
• In contrast to US developments, during the depression Canada's economy actually grew3 modestly.

Question 9. After Confederation, Nova Scotia voted in a provincial government that wanted the province to withdraw from the union

• True
• False

Question 10 Which of the following is true?

• Although much lower than in the United States, Canada's female labour force has been rising for decades
• Canada's female labour forces has remain static for many decades
• Canada's female labour force has been rising for many decades and now exceeds that in the US

Question 11. The "international" explanation for the Depression was:

• A global trade war spurred by US protectionism
• A surge in trade as countries attempted to export their way out of economic decline
• The establishment in Canada of preferential tariffs allowing imports from the US to rise.

Question 12 The Navigation Acts

• Required shipments between the USA and Canada to be carried in Canadian vessels
• Were a Portuguese measure to help navigation around Africa
• Were introduced by Canada after Confederation
• Required shipping between Britain and her colonies to be carried in British vessels

Question 13. Measured over 10-year periods in recent decades Canada's average real GDP has been:

• Growing at a faster rate
• Growing at a slower rate
• Growing at a slower rate
• Remained unchanged

Question 14. The Ricardian arguments for trade liberalization (free trade) is based on:

• Specialization in production
• Expanded consumption possibilities
• Both a and b
• Neither a nor b

Question 15. Most people living in Toronto were born outside Canada

• True
• False

Question 16. The American revolution

• Encouraged Canadian-West Indies trade because the Americans no longer qualified under the British Navigation laws
• Raised concern in Britain over the prospect of US northern expansion
• Was fuelled by British taxes on the American colonies
• All of the above

Question 17. Which of the following are included in Canada's agricultural "supply management"?

• Milk eggs and pork
• Milk eggs and beef
• Milk eggs and chicken
• Chicken eggs and rice

Question 18 The Bank of Canada's policy objective...

• ...is to balance economic growth with low levels of inflation
• ...is primarily to maintain low levels of inflation
• is primarily to stabilize the exchange rate
• is primarily concerned with reducing unemployment

Question 19. The US Federal Reserve Board's policy goals are ...

• primarily to balance economic growth with inflation
• primarily to target inflation
• primarily to target unemployment
• primarily protect the strength of the US dollar

Question 20. Which is most accurate...Halifax once had a flourishing...?

• Sugar industry
• Sugar and cotton industries
• Cotton industry
• Sugar, cotton and rice milling industries

Question 21. The collapse of British Mercantilism can be linked political reforms in the country

• True
• False

Question 22. At the time of Canadian Confederation, despite being small than Ontario, Nova Scotia had a higher per capita level of economic activity

• True
• False

Question 23. The population of Nova Scotia has been growing rapidly for many years--due larger to rising "natural" birthrates

• True
• False

Question 24. Which of the following is correct...

• the labour force participation of men in the 60 to 64 age category has been steadily increasing while women in the same category has fallen sharply
• the labour force participation of women in the 60 to 64 age category has been steadily increasing while men in the same category has fallen
• the labour force participation of both men and women in the 60 to 64 age category has been steadily increasing
• the labour force participation of both men and women in the 60 to 64 age category has been steadily falling

Question 25. In 1880 the proportion of the Canadian workforce engaged in agriculture was almost 50 percent today that figure is...

• about 50%
• about 20%
• about 15%
• about 10%

Question 26. The staple theory of economic growth...

• attempts to explain the economic development of Canada in terms of its reliance upon imports of natural resources from the US
• attempts to explain the economic development of Canada in terms of the development of fish and timber for domestic consumption
• attempts to explain the economic development of Canada as an underpopulated territory dependant upon exports of primary products
• attempts to explain the economic expansion of Europe as a provider to the emerging North American market

Question 27. Alberta's bitumen "tar sands" can be classified as prime example of a modern Canadian "staple" good.

• True
• False

Question 28. The purpose of the Canadian fiscal equalization program is to provide Canadians with similar levels of income regardless of what province they live in.

• True
• False

Question 29. In most years, Quebec receives a much higher per capita equalization grants than the three Maritime provinces.

• True
• False

Question 30. Which of the following is correct?

• In Canada, those over the age of 65 are double the number under 15
• In Canada, those over the age of 65 are double the number under 15 under the age of 15 are double the number over 65
• In Canada, those over the age of 65 outnumber those under the age of 15
• In Canada, those under the age of 15 are slightly more than those over the age of 65

Question 31. A 10 percent increase in Canadian annual immigration would resolve the issue of population aging.

• True
• False

Question 32. When a tariff is imposed on imports to Canada, which of the following is true?

• The consumer surplus is reduced
• Domestic prices rise
• Both of the above ... but domestic production increases
• Both of the above ... but domestic production falls

Question 33. The economic consequences of the current COVID-19 pandemic have been likened to the economic conditions during the Depression. Canadian authorities have responded by:

• Introducing a major fiscal stimulus plan partially offset by a restrictive monetary stance
• Leaving fiscal policy unchanged but introducing monetary stimulus
• Introducing a major fiscal stimulus plan augmented by an expansionary monetary stance
• Leaving recovery up to private market forces.