What System Takes into Account Language Skills,education,age,income and Wealth,investment Potential,and

question 13

Multiple Choice

What system takes into account language skills,education,age,income and wealth,investment potential,and employment and then qualifies people for immigration into Canada based on how they score?

• A)class system
• B)points system
• C)ranking system
• D)immigration system

Understand the concept and examples of entrepreneurship.

Recognize innovation within an existing business firm.

Understand the concept and sources of venture capital.

Define and identify examples of intrapreneurs.

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Definitions:

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium outcome is not achieved due to market distortion, such as taxes or subsidies, leading to a reduction in total welfare.

Vacationing Abroad

The act of traveling to another country for leisure, exploration, or relaxation purposes.

Consumer Surplus

The disparity between the total sum consumers are ready to pay for a product or service and the actual amount they end up spending.

Producer Surplus

The difference between what producers are willing to accept for a good or service and the actual price they receive, reflecting extra benefit or profit.