module 2 quiz

Question 1

when a federal government spends more in a year then it receives in tex revenue, the result is called a:

A) Federal deficit
B) Federal reserve allowance
C) Balance of payments deficit
D) GDP deflator

Answer 1

a

Question 2

the difficulties arising from interprovincial trade barriers have been lessened due to

A) Higher tax revenues
B) Crown corporations
C) The agreement on internal trade
D) P3s

Answer 2

c

Question 3

a comprehensive and coordinated government plan to guide and revitalize the Canadian economy is called.

A) An industrial policy
B) Revitalization
C) Privatization
D) The crown corporation plan

Answer 3

a

Question 4

there has been a trend in Canadian governments involvement in the economy towards:

A) More regulations to decrease competition
B) Establishing more crown corporations
C) Having a reduced role
D) A growth in their role

Answer 4

c

Question 5

efforts by the bank of Canada to control the money supply and interest rates are known as:

A) Fiscal policy
B) Monetary policy
C) Income policy
D) Securities policy

Answer 5

b

Question 6

provincial governments are responsible for which of the following.

A) Telecommunications
B) Education
C) Criminal law
D) Zoning requirements

Answer 6

b

Question 7

Joes promotion abides with Canadian anti-spam legislation through the following activities except:

A) Obtaining express consent to send messages
B) Ensuring electronic communications are sent from outside Canada
C) Including an option to unsubscribe from email messages
D) Providing their contact information in electronic communications

Answer 7

b

Question 8

the selling off of Canadian government owned crown corporations such as air Canada and Canadian National Railway(CNR) is called

A) Going public
B) Deregulation
C) Decertification
D) Privatization

Answer 8

d

Question 9

all levels of government offer a variety of assistance programs to business. these include

A) Fully paid employee wages
B) Government support with imports
C) Exemption from sales taxes for 5 years
D) Grants and loans, consulting advice, and information

Answer 9

d

Question 10

business and consumer information is available to Canadian business from:

A) The Department of Consumer and Corporate Affairs
B) Industry Canada
C) Revenue Canada
D) PPP

Answer 10

b

Question 11

municipal governments have laws and regulations concerning:

A) Post-secondary education
B) Sales tax
C) Immigration
D) Any business that serves food

Answer 11

d

Question 12

companies owned by the federal or provincial governments are called:

A) Government agencies
B) Co-operatives
C) Public corporations
D) Crown corporations

Answer 12

d

Question 13

some people argue that the best way to develop the Canadian economy is

A) A long term industrial policy
B) An across the board increase on import duties
C) Privatization of all crown corporations
D) Less free trade

Answer 13

a

Question 14

which of the following is an example is an example of a federal government responsibility

A) Administration of the Competition Act
B) Setting property tax rates
C) Providing funding to universities and colleges
D) Sewage and garbage disposal services

Answer 14

a

Question 15

the bank of Canada lowers interest rates

A) To boost a weak economy
B) To attract immigrants
C) On instructions from the Minister of Finance
D) To establish better fiscal policy

Answer 15

a

Question 16

export development Canada helps:

A) Canadian companies with financing and insurance when selling in foreign markets
B) provide venture capital to Canadian companies.
C) turn ideas and knowledge into new products for export.
D) foreign businesses wanting to develop markets for their products in Canada.

Answer 16

a

Question 17

_________ refers to the efforts of the federal government to keep the economy stable by increasing or decreasing taxes and/or government spending.

A) Fiscal policy
B) Monetary Policy
C) Financial Policy
D) Income Policy

Answer 17

a

Question 18

your local newspaper has a story in its business section that reports that Canadian government spending will again exceed tax revenue. this means that the:

A) rate of inflation is likely to fall.
B) national debt will increase.
C) the balance of payments is unfavorable.
D) monetary policies pursued by the Bank of Canada have been too loose.

Answer 18

b

Question 19

what are Canadian crown corporations?

A) Business created as part of privatization or deregulation
B) Business own by the Queen or any member of her immediate family
C) Business created as part of the National Policy
D) Government owned business

Answer 19

d

Question 20

The main reason for Canada’s uneven Economic Development is:

A) the proximity of the U.S.
B) uneven resources, climate, and geography
C) lack of entrepreneurial skills by Canadians
D) federal government policies favoring Ontario and Quebec

Answer 20

b

Question 21

Joe’s promotions abides with Canada’s Anti-spam legislation through the following activities, except:

A) providing their contact information in electronic communications
B) obtaining express consent to send messages
C) ensuring electronic communications are sent from outside Canada
D) including an option to unsubscribe from email messages

Answer 21

c