Textbook Notes (368,566)
Canada (161,966)
Economics (587)
ECON 102 (244)
Chapter 1

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Department
Economics
Course
ECON 102
Professor
Wokia Kumase
Semester
Spring

Description
Review Exercise Chapter I and II1If the Canadian government redistributes income from the rich to the poor explain how this action affects equity as well as efficiency in the economy2With the understanding that people respond to incentives outline the possible outcome for teachers if the K12 school year is extended to 11 months per year instead of the existing 10 months per year3Identify each of the following topics as being part of microeconomics or macroeconomicsathe impact of a change in consumer income on the purchase of luxury automobilesbthe effect of a change in the price of Coke on the purchase of Pepsicthe impact of a war in th
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