Which of the Following Arguments Are Correct

question 58

Multiple Choice

Which of the following arguments are correct:

• A)Canada is entering an era of low structural unemployment due to rapid technological change.
• B)technological advance will result in a lower rate of economic growth.
• C)innovations in computers and communications, together with global competition, are boosting Canadian productivity and the economy's potential economic growth rate.
• D)technological change will require more central planning and government regulation.

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Definitions:

Capital Asset

An asset held by an individual or business for investment or personal purposes, excluding inventory or assets sold in the ordinary course of a business.

Rental Property

A property owned by an individual or entity that is rented out to tenants in exchange for monthly rent payments.

Section 1245

A provision in the U.S. tax code that treats the gain from the sale of certain types of property (primarily depreciable personal property) as ordinary income rather than capital gain.

Ordinary Income

Income earned through wages, salaries, commissions, and interest, subject to standard tax rates.