How Are the Fundamental Economic Decisions Determined in Canada

question 180

Multiple Choice

How are the fundamental economic decisions determined in Canada?

• A)Individuals,firms,and the government interact in a market to make these economic decisions.
• B)These decisions are made by the country's elders who have had much experience in answering these questions.
• C)The government decides because Canada is a centrally planned economy.
• D)The United Nations decides because Canada is a developing economy.

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Definitions:

Responsibility for Actions

The accountability or duty of an individual to account for their actions, make amends, or face consequences.

Oedipus Complex

A concept in psychoanalytic theory introduced by Sigmund Freud, which posits a child's unconscious sexual desire for the opposite-sex parent and jealousy toward the same-sex parent.

Freud

Sigmund Freud was an Austrian neurologist who founded the discipline of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Personality Formed

The process by which an individual's distinct personality traits develop, often influenced by genetic, environmental, and social factors.