How Are the Fundamental Economic Decisions Determined in Canada

question 180

Multiple Choice

How are the fundamental economic decisions determined in Canada?

• A)Individuals,firms,and the government interact in a market to make these economic decisions.
• B)These decisions are made by the country's elders who have had much experience in answering these questions.
• C)The government decides because Canada is a centrally planned economy.
• D)The United Nations decides because Canada is a developing economy.

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Definitions:

Service Firms

Companies that specialize in delivering non-physical goods, such as consultancy, financial services, and repairs, to their clientele.

Good Demographics

Characteristics of human populations (like age, sex, income) used to identify market segments or understand consumer preferences.

Traffic Count

The process of measuring the number of vehicles or pedestrians passing a certain point or area within a specified period of time, used for transportation planning and traffic management.