Which of the Following Best Describes the Built-In Stabilizers as They

question 75

Multiple Choice

Which of the following best describes the built-in stabilizers as they function in Canada?

• A)The size of the balanced-budget multiplier varies inversely with the level of GDP.
• B)Personal and corporate income tax collections automatically fall and transfers and subsidies automatically rise as GDP rises.
• C)Personal and corporate income tax collections and transfers and subsidies all automatically vary inversely with the level of GDP.
• D)Personal and corporate income tax collections automatically rise and transfers and subsidies automatically decline as GDP rises.

Grasp the concept and importance of supply chain in manufacturing and service industries.

Learn the significant role of data analytics in optimizing supply chain efficiency and decision-making.

Understand the importance of achieving minimum efficient scale for in-house production to be worthwhile.

Recognize the global nature of modern supply chains and the implications of globalization on production.

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Definitions:

Gravity

The natural force of attraction exerted by a celestial body (such as Earth) on objects that are on or near its surface, drawing them toward the center of the body.

Mandibles

The lower jaws or jawbones of vertebrates, or the pair of mouthparts in arthropods used for biting and grinding food.

Gills

Respiratory organs found in many aquatic organisms, allowing for the exchange of oxygen and carbon dioxide with water.

Statocysts

Statocysts are sensory organs found in some animals, used for detecting gravity and orientation.