Exam 1: understanding Evolving Economic Systems and Competition

Gracie Burlesford works for a peach grower in Southern Ontario.In July,Burlesford was laid off because of a drought.What type of unemployment is this?

Which of the following statements about strategic alliances is most accurate?

Which of the following is the Bank of Canada implementing when it tightens the money supply by selling government securities or raising interest rates?

Full employment means all those who want to work are employed.

If NBPower supplies all of the electricity to New Brunswick,NBPower is an example of which of the following?

Which type of inflation is occurring when the demand for goods and services is greater than the supply?

An increase in the price of crude oil could trigger cost-push inflation.

The factors of production are the goods produced by a manufacturing facility.

If one of the reasons for the growing inflation rate is due to increases in production costs of goods and services that occurred as a result of a decline in a suitable labour force,this would be an example of which type of inflation?

Relationship management would benefit a company that provides janitorial cleaning services for businesses.

A strategic alliance is a cooperative agreement between a firm and its banker.

Which type of GDP takes inflation into account and uses adjusted market prices?

To examine how the sectors of the economy interact,you should think in terms of which of the following figures?

The unemployment rate is the percentage of the total work force that is not working but is engaged in which of the following activities?

Which of the following strategies involves building,maintaining,and enhancing interactions with customers and other parties so as to develop long-term satisfaction through mutually beneficial partnerships?

Because Jonathon Li has recently quit his job at GMC and is currently seeking work in the computer business,he would be described as structurally unemployed.

It takes four consecutive quarters of decline in the GDP for economists to consider the economy to be in a recession.

The GMC manager who evaluates truck models made by his competition,consumer demand for different sizes of trucks,labour and material costs to build trucks,and current prices of all trucks would be taking which of the following perspectives?

The implementation of a contractionary policy by the Bank of Canada would result in which of the following?

Market equilibrium is described as which of the following?