Identify Each of the Following as (I)part of an Expansionary

question 283

Essay

Identify each of the following as (i)part of an expansionary fiscal policy, (ii)part of a contractionary fiscal policy, or (iii)not part of fiscal policy.
a.The personal income tax rate is lowered.
b.Parliament cuts spending on defence.
c.Students in post-secondary education are allowed to deduct tuition costs from their federal income taxes.
d.The corporate income tax rate is lowered.
e.The Province of Ontario builds a new tollway in an attempt to expand employment and ease traffic in Toronto.

Analyze time series data and understand trends and fluctuations.

Apply knowledge of statistics to interpret real-world data reports and studies.

Understand the basic principles of data collection and the importance of accurate data reporting.

Calculate basic statistical measures (mean, median) from given data.

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Definitions:

Opportunity Cost

The neglect of potential gains that could be obtained from a variety of choices when one is prioritized.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to invest in one opportunity over another.

Opportunity Cost

In the process of making a decision, the disadvantage of excluding the immediately better option.

Economics Homework

Assignments given to students to deepen their understanding of economic principles, theories, and models.