A Good Example of a Sectoral Shift Would Be the

question 50

Multiple Choice

A good example of a sectoral shift would be the

• A) loss of total Canadian employment to Mexico.
• B) decrease in the size of manufacturing employment relative to service sector employment in Canada.
• C) recent influx of immigrants to Canada.
• D) expansion in the fraction of employees covered by Employment Insurance in Canada.
• E) outsourcing of Canada's jobs to India.

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Definitions:

Tax Incidence

The analysis of the effect of a particular tax on the distribution of economic welfare, including who ultimately pays the tax.

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable.

Tax Revenue

The income gained by governments through taxation, used to fund public services and government obligations.

Excise Taxes

Taxes levied on the sale of specific goods and services, often included in the price of products like gasoline, alcohol, and tobacco.