Dalhousie University Contemporary Canadian Issues Paper the doc. include 33 MC question,the doc. include 33 MC question,the doc. include 33 MC question, Th

Dalhousie University Contemporary Canadian Issues Paper the doc. include 33 MC question,the doc. include 33 MC question,the doc. include 33 MC question, The sources of investment spending in Canada…
Question 1 options:
are only private saving
cannot be public saving because government’s run permanent deficit
include foreign saving
are only business retained earnings
Question 2
(3 points)
The monetarist explanation of the Great Depression in
Canada argues
Question 2 options:
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
(3 points)
The Keynesian explanation for the Great Depression was…
Question 3 options:
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
(3 points)
During the period between Confederation and the First World War the greatest
source of revenue for the federal government came from:
Question 4 options:
Personal income taxes
Corporate income taxes
The GST
Customs and excise duties
Question 5
(3 points)
1. 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
(3 points)
The largest number of immigrants into Canada in a single year happened:
Question 6 options:
In 2018
During the Second World War
In the first decade of the 1900s
Immediately following the Second World War
Question 7
(3 points)
Running a current account deficit:
Question 7 options:
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
(3 points)
Which of the following is correct?
Question 8 options:
During the 1930’s Depression Canada’s GDP fell by about 30 percent…in line with the US contrac
During the 1930’s Depression Canada’s GDP experienced only a small contraction compared to th
United States
In contrast to US developments, during the depression Canada’s economy actually grew3 modestly
Question 9
(3 points)
After Confederation, Nova Scotia voted in a provincial government that wanted
the province to withdraw from the union
Question 9 options:
True
False
Question 10
(3 points)
Which of the following is true?
Question 10 options:
Although much lower than in the United States, Canada’s female labour force has been rising for d
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
(3 points)
The “international” explanation for the Depression was:
Question 11 options:
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
(3 points)
The Navigation Acts
Question 12 options:
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
(3 points)
Measured over 10-year periods in recent decades Canada’s average real GDP has
been:
Question 13 options:
Growing at a faster rate
Growing at a slower rate
Growing at a slower rate
Remained unchanged
Question 14
(3 points)
The Ricardian arguments for trade liberalization (free trade) is based on:
Question 14 options:
Specialization in production
Expanded consumption possibilities
Both a and b
Neither a nor b
Question 15
(3 points)
Most people living in Toronto were born outside Canada
Question 15 options:
True
False
Question 16
(3 points)
The American revolution
Question 16 options:
Encouraged Canadian-West Indies trade because the Americans no longer qualified under
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
(3 points)
Which of the following are included in Canada’s agricultural “supply
management”?
Question 17 options:
Milk eggs and pork
Milk eggs and beef
Milk eggs and chicken
Chicken eggs and rice
Question 18
(3 points)
The Bank of Canada’s policy objective…
Question 18 options:
…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
(3 points)
The US Federal Reserve Board’s policy goals are …
Question 19 options:
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
(3 points)
Which is most accurate…Halifax once had a flourishing…?
Question 20 options:
Sugar industry
Sugar and cotton industries
Cotton industry
Sugar, cotton and rice milling industries
Question 21
(3 points)
The collapse of British Mercantilism can be linked political
reforms in the country
Question 21 options:
True
False
Question 22
(3 points)
At the time of Canadian Confederation, despite being small
than Ontario, Nova Scotia had a higher per capita level of
economic activity
Question 22 options:
True
False
Question 23
(3 points)
The population of Nova Scotia has been growing rapidly for
many years–due larger to rising “natural” birthrates
Question 23 options:
True
False
Question 24
(3 points)
Which of the following is correct…
Question 24 options:
the labour force participation of men in the 60 to 64 age category has been steadily increasing whi
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 steadi
increasing
the labour force participation of both men and women in the 60 to 64 age category has been steadi
falling
Question 25
(3 points)
In 1880 the proportion of the Canadian workforce engaged
in agriculture was almost 50 percent today that figure is…
Question 25 options:
about 50%
about 20%
about 15%
about 10%
Question 26
(3 points)
The staple theory of economic growth…
Question 26 options:
attempts to explain the economic development of Canada in terms of its reliance upon imports of n
resources from the US
attempts to explain the economic development of Canada in terms of the development of fish and
for domestic consumption
attempts to explain the economic development of Canada as an underpopulated territory dependan
exports of primary products
attempts to explain the economic expansion of Europe as a provider to the emerging North Americ
market
Question 27
(3 points)
Alberta’s bitumen “tar sands” can be classified as prime
example of a modern Canadian “staple” good.
Question 27 options:
True
False
Question 28
(3 points)
The purpose of the Canadian fiscal equalization program is
to provide Canadians with similar levels of income
regardless of what province they live in.
Question 28 options:
True
False
Question 29
(3 points)
In most years, Quebec receives a much higher per
capita equalization grants than the three Maritime
provinces.
Question 29 options:
True
False
Question 30
(3 points)
Which of the following is correct?
Question 30 options:
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 doubl
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
(3 points)
A 10 percent increase in Canadian annual immigration
would resolve the issue of population aging.
Question 31 options:
True
False
Question 32
(3 points)
When a tariff is imposed on imports to Canada, which of
the following is true?
Question 32 options:
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
(4 points)
The economic consequences of the current COVID-19
pandemic have been likened to the economic conditions
during the Depression. Canadian authorities have
responded by:
Question 33 options:
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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