Which of the Following Statements by Politicians Is Talking About

question 128

Multiple Choice

Which of the following statements by politicians is talking about the business cycle?

• A)"Canadian unemployment is falling due to the upturn in the economy."
• B)"Crime rates increase every spring as the school year ends."
• C)"An average of 220,000 new jobs are created each year in Canada."
• D)"More capital investment will create more jobs."
• E)"Business always rises just before Christmas."

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Definitions:

Cournot Duopolists

Firms in a duopoly (a market dominated by two firms) that determine their output levels simultaneously, under the assumption that the other will not change theirs.

Imports

Goods or services brought into one country from another for the purpose of trade or sale.

Cournot Duopolists

A market structure in which two companies assume the other's output to be constant when determining their optimal production levels.

Total Costs

The total of all expenses involved in creating goods or services, encompassing both constant and fluctuating costs.