Suppose That Canada's Central Bank Fixes the Canada- U

question 54

Multiple Choice

Suppose that Canada's central bank fixes the Canada- U.S. exchange rate between the limits of Cdn$1.10 and Cdn$1.20 to the U.S dollar. If the free market equilibrium exchange rate would otherwise be Cdn$1.05, then

• A)The Federal Reserve System in the United States must decrease the supply of U.S. dollars on international currency markets.
• B)Canada's central bank must buy U.S. dollars.
• C)Canada's central bank must sell U.S. dollars.
• D)Government of Canada must increase spending and increase taxes.
• E)Canada's central bank need not intervene as the exchange rate will return to its equilibrium level on its own.

Recognize the impact of educational institutions in perpetuating gender-based stereotypes.

Understand the concept of the hidden curriculum and its effects on gender socialization.

Describe what constitutes cultural capital and its significance in society.

Grasp the process and impact of resocialization within total institutions.

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Definitions:

Supplemental Security Income

A United States government program providing financial assistance to elderly, blind, or disabled individuals.

Disabled

Individuals having a physical or mental condition that significantly limits their movements, senses, or activities.

Labor Earnings

Income received by workers for their labor or services, typically measured in terms of wages, salaries, or commissions.

Negative Income Tax

A system of social welfare that provides income to individuals or families below a certain income level, effectively supplementing their income.