Consider the Circular Flow of Expenditure and Income in the Canadian

question 54

Multiple Choice

Consider the circular flow of expenditure and income in the Canadian economy.Which of the following is an injection into the circular flow?

• A)Loblaws imports cheese from Switzerland.
• B)You pay GST on your purchases.
• C)You contribute to your company pension plan.
• D)A Toyota plant in Canada imports car parts from Japan.
• E)The Government of Canada purchases new Coast Guard ships made in Halifax.

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Definitions:

Ethical Behavior

Conduct that is consistent with what society, and individuals typically think are good values.

Government Regulation

Government regulation involves rules or laws established by authorities to control and guide the behavior of industries, businesses, and individuals to protect public interest.

Demand Analysis

A type of research used to estimate how much customer demand there is for a particular product and understand the factors driving that demand.

Customer Demand

The desire and willingness of consumers to buy products or services, influenced by factors like price, quality, and trends.