If the Government Began Providing Free Textbooks to College Students

question 222

Multiple Choice

If the government began providing free textbooks to college students who would otherwise have bought their books from the private sector, the government's action would result in

• A)an increase in real Gross Domestic Product (GDP).
• B)a direct expenditure offset.
• C)a Ricardian dilemma.
• D)a reduction of the government deficit.

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Definitions:

Canada Revenue Agency

The federal agency that administers tax laws for the Government of Canada and for most provinces and territories.

Derivative Action

A lawsuit brought by a corporation shareholder against the directors, management, or other shareholders of the corporation for a failure in duty that harmed the corporation.

Oppression Remedy

A legal remedy designed to protect minority shareholders in a company from unfair treatment or abusive actions by majority shareholders or the company's directors.

Shareholders' Agreement

A contract among the shareholders of a company that specifies their rights, obligations, and the company's operational procedures.