Consider the Government's Debt-To-GDP Ratio

question 73

Multiple Choice

Consider the government's debt-to-GDP ratio.A significant reason for a government to maintain a low debt-to-GDP ratio is so that

• A)the real interest rate remains high,which leads to increased investment.
• B)the Canadian dollar will appreciate and net exports will increase.
• C)the government has the flexibility to use expansionary fiscal policy if the economy enters a recession.
• D)the Bank of Canada has the flexibility to use contractionary policy.
• E)there is no "crowding in" of investment or net exports.

Understand the impact of oligopolies on technological advancements and market competition.

Recognize the benefits and models of oligopolies related to product differentiation and efficiency.

Recognize how game theory concepts like tit-for-tat apply to strategic decision-making.

Understand the relationship between market structure and innovation.

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Definitions:

Main Memory

The principal storage in a computer in which data and programs are temporarily stored for quick access by the processor.

Secondary Storage

A non-volatile storage medium used for keeping data permanently, as opposed to the volatile primary storage or main memory.

Input Device

A hardware component used to enter data or instructions into a computer system.

Compiler

A software tool that translates code written in a high-level programming language into a lower-level language or machine code that can be executed by a computer.