Show:
Different Types Of Corporations
Definitons
Disadvantages
Advantages
Something cool
100
EA Sports
Q.what game corporation sell the best sports games?
100
Corporation
Q. a legal entity owned by individual stock holder
100
One adds the total expenditures on goods and services produced, the other calculates the total income received as a result of producing those same goods and services. HINT: Both are measures of the same thing they both yield the same total.
Q. What is Expenditure Approach and Income Approach to calculate GDP?
100
Refers to the value of a country’ dollar against the currencies of other countries. Also helps determine how much that country pays for imported goods and services and how much they receive for what they export. Example: Formula: American Price = Canadian Dollar Price x American Dollars to buy 1 Canadian Dollar
Q. What is an exchange rate?
100
Example: Article 1: All human beings are born free and equal in dignity and rights. They are endowed with reason and conscience and should act towards one another in a spirit of brotherhood.
A. What is the United Nations’ Universal Declaration of Human Rights?
200
EXAMPLE: The ability of a country to produce a good or service at a lower cost than its competitors using resources more efficiently.
Q. What is Absolute Advantage?
200
Goods and services that individual firms or corporations provide to the public in the interest of making a profit. Driven by corporate self-interest. HINT: Law firms, Optometrists, Chiropractors, Hairstylists etc.
Q. What is Private Sectors?
200
Covers periods of alternating economic growth and recession as measured by changes in real GDP. These cycles are characterized by alternating phases of growth and stagnation.
Q. What is the Business Cycle?
200
Also known as the "paradox of plenty", is a situation in which countries with an abundance of non-renewable resources experience stagnant growth or even economic contraction. Occurs as a country begins to focus all of its energies on a single industry, and neglects other major sectors.
Q. What is the Resource Curse?
200
Helping to make certain that producers in developing countries are paid a fair price for the goods consumed in the developed world. They wish to give disadvantaged producers in developing countries a fair chance on the world’s market, which covers not only the costs of production, but enables production which is socially just and environmentally sound.
Q. What is the Fair Trade movement?
300
EXAMPLES: Social insurance programs related to sickness (disability pensions), old age (Canada Pension Plan or C.P.P.) and Employment Insurance (or E.I.). There is also a Child Tax Benefit. HINT: all of these are programs that offer financial assistance to reduce poverty
Q. What is Canada Government Programs that are intended to reduce poverty?
300
Some activities that are illegal, including the selling of illicit drugs, smuggling of alcohol and tobacco, panhandling, money laundering and prostitution. Where the income is not reported to Revenue Canada occurs here.
Q. Where is hidden economy?
300
The practice that allows the bank to make loans and create new money. Since people demand little cash relative to the size of their bank deposits, the banks can create loans (and thus money) much larger than their actual bank reserves.
Q. What is Fractional Reserve?
300
One of the largest free trade zones and laying the foundations for strong economic growth in Canada, United States and Mexico. It sets the rules of trade and investments.
Q. What is the North American Free Trade Agreement? (i.e. NAFTA)
300
A statistic about an economic activity that allows analysis of economic performance and predictions of future performance.
Q. What is an economic indicator?