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10 Cards in this Set
- Front
- Back
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Efforts by the bank of Canada to control the money supply and interest rates are known as: A) fiscal policy B) monetary policy C) securities policy D) incomes policy |
Monetary policy |
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If the government wishes to discourage the use of certain classes of products, such as cigarettes, it can do what? A) reply on property taxes as its revenue base. B) provide tax relief to the tobacco Industry. C) pass a sin tax D) add to the federal debt. |
Pass a sin tax |
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Subprime mortgages are loans: A) to those living in Ontario B) to those who qualify for regular mortgages C) to first time home buyers D) to those with poor credit histories |
To thos with poor credit histories |
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Government withdrawing certain laws and regulations that hinder competition is known as what? A) public corporations B) deregulation C) co-operatives D) privatization |
Deregulation |
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The selling off of Canadian government owned crown corporation such as air Canada and Canadian national railway(CNR) is called: A) privatization B) going public C) deregulation D) decertification |
Privatization |
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The bank of Canada operates: A) under direct control of the executive branch of the government B) as a special agency of the Canadian treasury board. C)as a crown corporation D) under the direction of the banking oversight committee of parliament. |
As a crown corporation |
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? Refers to the efforts of the federal government to keep the economy stable by increasing or decreasing taxes and/or government spending. A) incomes policy B) cyclical policy C) fiscal policy D) monetary policy |
Fiscal policy |
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When the government runs a budget deficit it increases the A) federal capital account B) balance of payments deficit C) money supply D) national debt |
National debt |
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When the federal government spends more in a year than it receives in tax revenues, the result is called a A) federal deficit B) federal reserve allowance C) GDP deflator D) balance of payments deficit |
Federal deficit |
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Inter provincial trade is a ? Industry in Canada. A) 14 billion B) 300 billion C) 2 trillion D) 1 trillion |
300 billion |
