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Explain why, 76 years ago, the Rowell-Sirois Commission argued that:
"The quality of education and welfare services is no longer a matter of purely provincial and local concern. In Canada today, freedom of movement and equality of opportunity are more important than ever before, and these depend in part on the maintenance of at least minimum national standards for education, public health and care of the indigent. The most economically distressed areas are the ones least capable of supporting these services, and yet are also the ones in which the needs are likely to be greatest. Whether the remedy lies in emigration from these areas or in the development of alternative means of livelihood, they must not be allowed to become backwaters of illiteracy and disease. Not only national duty and decency, if Canada is to be a nation at all, but equity and national self-interest demand that the residents of these areas be given average services and equal opportunities -- equity because these areas may have been impoverished by the national economic policies which enriched other areas, and which were adopted in the general interest. Those whose interests were sacrificed have some claim that the partnership should work both ways. National self-interest demands it because the existence of areas of inferior educational and public health standards affects the whole population, and creates many grave and dangerous problems. "
a. Report of the Royal Commission on Dominion -- Provincial Relations, Book 2, page 128 (Rowell -- Sirois, 1940)
What policies have been implemented as a result of this analysis? Have they succeeded?
what is likely to happen to the curve if wage indexation becomes more widespread? Illustrate your answer on the graph.
Suppose the economy worsens and 2 million more people become discouraged. Then, what is the new labor force, ceteris paribus?
Assume that government purchases decrease by $10 billion, with other factors held constant, including the price level. Calculate the change in the level of real GDP demanded for each of the following values of the MPC
That is, at how many weeks of work does the phase-in end; what will our worker earn? At how many weeks of work does the phase-out begin and end; how much does our worker earn at each point?
"Because firms in any industry can always make greater profits by colluding, there is an inevitable tendency for competitive industries to become cartels over time." Is the first part of this statement correct? Is the second part? Explain.
Tom earns $15 per hour for up to 40 hours of work each week. he is paid $30 per hour for every hour in excess of 40.
Utilize the information to predict the yearly number of VCR's sold under the following conditions.
What are the disadvantages of using loans to financial institutions to prevent bank panics? Would it be a good idea to raise reserve requirements to 100% to ensure bank stability and to completely control the money supply?
Your grandfather's salary was $10,000 in 1967 and it was $40,000 in 1997. Assume the price index for 1967 was 100 and the price index for 1997 was 420. Calculate the real income for your grandfather in 1997.
Evaluate trends in demand over time and explain their impact on the industry and the firm. You should consider including annual sales figures for the product your firm sells.
Discuss how Fee for Service versus Managed Care Models of Reimbursement Have Contributed Risk Avoidance in their Contract Negotiations
The Lithuanian lita is currently pegged to the euro. Suppose that the Eurozone reduces its money supply. Using the IS-LM-FX model, illustrate and explain how this affects Y, I, C, I, M, and TB in Lithuania (Home).
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