As a Result of the Drop in the Oil Price

question 76

Multiple Choice

As a result of the drop in the oil price and resulting drop in oil production in 2015, many Alberta companies including local Tim Hortons cut production and employment.The total amount of spending in the economy is known as

• A)deficit spending.
• B)planned investment spending.
• C)aggregate expenditure.
• D)equilibrium spending.
• E)total production.

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Definitions:

Good Versus Bad

The fundamental binary opposition that reflects moral, ethical, or qualitative judgments about actions, decisions, or objects.

Action-Motivating

Characteristics or incentives that encourage a person to take action or engage in a particular behavior.

Potential Ramifications

Possible consequences or outcomes that could arise as a result of a specific action or decision.

President

The elected head of a republican state or organization who typically represents the leadership or authority.