The sources of investment spending in Canada…
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
8.Inflows of foreign capital to purchase Canadian production facilities would be an example of:
Question 5 options:
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.
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