Question Booklet

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7. What is a stock? What is a bond? What is a commodity? (5 marks) 8. Draw the circular flow of income and then explain how the circular flow of income works. (5 marks)
Section IV: Paragraph Answers - 20 marks Based on the following questions, answer in the space provided in paragraph format. Marks will be deducted for not using paragraph format. Answer as clearly as possible. 1. Comparing the ease to which a firm can enter or exit the market compare the different types of market structure. Draw a line illustrating the types of market structure and show from left to right how easy it is for a firm to enter or exit the market. Then give a real life example of each type of market structure. (10 marks) ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________
Page 1 and 2: Canadian International Matriculatio
Page 3 and 4: _____ 5. What was Karl Marx’s maj
Page 5 and 6: _____ 17. GDP falls and unemploymen
Page 7 and 8: 3. Calculate the unemployment rate
Page 9 and 10: Section III: Short Answer Questions
Page 11: 5. What are the three economic syst

Question Booklet

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