One Explanation for the Better Performance of the Canadian Economy

question 14

Multiple Choice

One explanation for the better performance of the Canadian economy relative to the United States since the 2008-2009 recession is

• A) a better regulated financial sector in Canada.
• B) more generous employment insurance benefits in Canada.
• C) better fiscal stimulus in Canada relative to the United States.
• D) too much financial regulation in the United States relative to Canada.
• E) a more resilient financial sector in the United States.

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Definitions:

New Products

Innovations introduced to the market that meet new needs or better serve existing needs.

Average Total Cost Curve

A graphical representation that shows the average total cost of producing each quantity of output.

Total Product Curve

A graphical representation of the total quantity of output that can be produced by a firm as a function of the quantity of a single input used, keeping other inputs constant.

Marginal Revenue Curve

A graphical representation showing the change in total revenue from selling one additional unit of a product or service.