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Introduction to Economics💰

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What is the percent change in the number of dairy farms in Canada from 1971 to 2016?

Answer: %

Round your answer to two decimal places.

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The Canadian government reluctant to revoke supply management and endorse more competition because we will lose our trading advantage with the US.

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The decrease in the number of dairy farms in Canada from 1971 to 2016 means that our dairy production has dropped.

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If the licence requirement is revoked, then there will be fewer dairy producers in Canada.

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If there is less competition in the market of a product, the market price will tend to be lower than in a competitive market.

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Consider the following metaphor:

If the society's pie were to be sliced equitably, we would first have to place the pie at the centre. But the centralization of the pie will itself would itself induce corruption. It would divert the resources from their most productive use to the acquisition of a greater slice of the pie.

The last sentence of this description refers to .

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An example of a free market is public education or health care in Canada.

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"The wages of workers would increase with improved machinery and skills."

The above statement would most likely be made by a proponent of:

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"Unemployment is a result of capitalists exploiting the labourers."

The above statement would most likely be made by a proponent of:

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