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Introduction to Economics💰
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A news article says:
With the invention of polycarbonate unbreakable windows, construction companies began using them in buildings. As a result, the glass industry suffered a major negative shock, while the polycarbonate industry expanded and profited.
This event is an example of .
The Little Prince also visited asteroid 331, which Saint-Exupéry has skipped. That was a fairly crowded planet, and the Little Prince had a conversation with one of the inhabitants:
Little Prince: Why can't anyone draw a sheep for me?Asteroidian: Because no one does anything here. Little Prince: Why? Are there no jobs?Asteroidian: Hmmm. That ain't the point. The people on this planet are just not excited about work, so no one applies for any job.
Translate the last statement of the Asteroidian to economics language. Write one sentence.
Looking at the graph above, we can tell that the Canadian economy was in recession in year 2007.
Hint: you should think about the relationship between employment and real GDP.
According to the graph above, what was the unemployment rate in 2003?
Answer: Your answer must be accurate to within one decimal place.
The chart below presents data for Canada's year-end unemployment rate and its Consumer Price Index (CPI) for several years. The questions on this page are based on this chart.
According to the graph above, what was the unemployment rate in 2002?
Answer: Your answer must be accurate to within one decimal place.
Public choice theory explains how interest groups influence the politicians in their own favour.
According to public choice theory, the government is not an efficient decision maker on behalf of the public.
L'Union des producteurs agricoles increase the level of competition among Canadian farmers