In 2008-2009, the Canadian economy experienced:
A) a decrease in the unemployment rate compared to 2007.
B) an increase in jobs.
C) a depression.
D)the Great Recession.
D)the Great Recession.
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Human capital refers to the
A. number of workers available in the economy. B. tools and equipment available to workers. C. education, training, and skills of workers. D. amount of financing available to start-up firms.
If the marginal social cost of producing a product exceeds the marginal social benefit, producers will produce less of it
a. True b. False
Except for the case of Giffen goods, the substitution effect always tells us that a consumer will consume less (or at least no more) of a good whose price has increased.
Answer the following statement true (T) or false (F)
Mortgage lenders often resell mortgages in secondary markets. How might this make lenders act differently than if they intended to hold the mortgages themselves?
What will be an ideal response?