The Circular Flow of Money model allows to visualize many things about the economy.

Complete the sentences by matching the incomplete statement with the missing concept.

"Capitalists should avoid reducing wages as it reduces firms’ sales revenue on product markets."

Determine if this statement is Positive, or Normative.

Identify the model where this idea is best discussed. 

Discuss the logical validity of the statement.

The Circular Flow of Money diagram uses two types of markets.

Match the object with the appropriate market category.

Consider the country of SamsungTon, where employers are looking to hire 50 000 people, and the local schools are expecting to graduate 55 000 young labourers.

Considering the market condition is a surplus of Answer Question 8 workers, wages should be decreasing.

Match the Labour Market situation with a Market Condition

In the country of AppleBurg, employers are hiring 20 000 people, and there are 18 000 available labourers.

Considering the market condition is a shortage of Answer Question 7 jobs, wages should be increasing.

Match the occupation with the most likely risk of unemployment

Match the type of unemployment with the reason for being unemployed.

Using this table number, and website, find the unemployment rate of part-time student Canadians aged 15-24 years, during the month of December 2021.

14-10-0021-01

https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1410002101 

Round to the first decimal, using a period and no symbols. (Ex: 10.5 for 10.5 percent)

Find the unemployment rate for April 2020 in the following provinces using the table and link below.

Canada, Nova Scotia, Quebec, Ontario, Manitoba

Table 14-10-0017-01

https://www150.statcan.gc.ca/t1/tbl1/en/cv.action?pid=1410001701