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Questions and Answers
Market failure refers to situations when markets allocate society's resources efficiently.
Market failure refers to situations when markets allocate society's resources efficiently.
False (B)
Simon suggested that people often choose satisfactory solutions instead of optimal ones.
Simon suggested that people often choose satisfactory solutions instead of optimal ones.
True (A)
Adam Smith is recognized primarily as a behavioral economist.
Adam Smith is recognized primarily as a behavioral economist.
False (B)
In 2016, the aboriginal unemployment rate was 15.2 percent.
In 2016, the aboriginal unemployment rate was 15.2 percent.
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Forty percent of Great Britain's growth from 1790-1980 was due to improved nutrition.
Forty percent of Great Britain's growth from 1790-1980 was due to improved nutrition.
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Factors of production include profit, consumption, and land.
Factors of production include profit, consumption, and land.
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Bison was almost hunted to extinction in the Prairies.
Bison was almost hunted to extinction in the Prairies.
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The Nisga'a Treaty (1999) was the first modern treaty on the West Coast that established Aboriginal title.
The Nisga'a Treaty (1999) was the first modern treaty on the West Coast that established Aboriginal title.
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Aboriginal culture is considered civilized according to the ideology of the Stolen Generation.
Aboriginal culture is considered civilized according to the ideology of the Stolen Generation.
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The Indian Act of 1976 is part of the Constitution that regulates indigenous governance in Canada.
The Indian Act of 1976 is part of the Constitution that regulates indigenous governance in Canada.
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Loss of culture creates a cycle of low social capital and low human capital.
Loss of culture creates a cycle of low social capital and low human capital.
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Some historic events can cause permanent societal shifts.
Some historic events can cause permanent societal shifts.
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Aboriginal Australians arrived in Australia around 5,000 years ago.
Aboriginal Australians arrived in Australia around 5,000 years ago.
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The COVID-19 case fatality rate among First Nations people living on a reserve was lower than the general Canadian population.
The COVID-19 case fatality rate among First Nations people living on a reserve was lower than the general Canadian population.
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Inuit and Métis individuals are classified as Status Indians in Canada.
Inuit and Métis individuals are classified as Status Indians in Canada.
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British Columbia has the highest number of indigenous peoples in Canada.
British Columbia has the highest number of indigenous peoples in Canada.
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There is no exact legal definition for Aboriginals in Australia.
There is no exact legal definition for Aboriginals in Australia.
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The Indian Register is an official record of status Indians in Canada.
The Indian Register is an official record of status Indians in Canada.
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The utility function is maximized independently of the cost function.
The utility function is maximized independently of the cost function.
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In 2016, the total number of Aboriginal people in Canada was over 1.6 million.
In 2016, the total number of Aboriginal people in Canada was over 1.6 million.
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First Nations have the right to establish their own membership criteria.
First Nations have the right to establish their own membership criteria.
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The median income of American Indians is less than the national average.
The median income of American Indians is less than the national average.
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Maori people have no ethnic links with Taiwanese Indigenous peoples.
Maori people have no ethnic links with Taiwanese Indigenous peoples.
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The Solow model can be applied to explain the experience of the aboriginal Tasmanians.
The Solow model can be applied to explain the experience of the aboriginal Tasmanians.
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The First Nations population consists solely of those who belong to a First Nation or Indian Band.
The First Nations population consists solely of those who belong to a First Nation or Indian Band.
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Historically, colonies with lesser outbreaks of deadly diseases fostered better conditions for development.
Historically, colonies with lesser outbreaks of deadly diseases fostered better conditions for development.
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Mestizaje refers to a homogenous ancestry.
Mestizaje refers to a homogenous ancestry.
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As of 2016, the percentage of Indigenous people in Canada was 5.86%.
As of 2016, the percentage of Indigenous people in Canada was 5.86%.
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The population of Inuit in Canada was recorded at 65,025 in 2016.
The population of Inuit in Canada was recorded at 65,025 in 2016.
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Columbus's voyages had no significant impact on the Americas.
Columbus's voyages had no significant impact on the Americas.
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Glooscap is recognized as the Transformer figure among some Algonquian peoples.
Glooscap is recognized as the Transformer figure among some Algonquian peoples.
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The Indian Act has established a governance system that supports Indigenous self-determination.
The Indian Act has established a governance system that supports Indigenous self-determination.
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The 2% funding cap in education has led to a cumulative deficit exceeding $20 billion.
The 2% funding cap in education has led to a cumulative deficit exceeding $20 billion.
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Perry Bellegarde has been the national chief of the Assembly of First Nations since December 10, 2015.
Perry Bellegarde has been the national chief of the Assembly of First Nations since December 10, 2015.
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John A. Macdonald's governance is widely viewed as a series of uncontroversial policies.
John A. Macdonald's governance is widely viewed as a series of uncontroversial policies.
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Forced coexistence among tribes can lead to both short and long-term negative effects.
Forced coexistence among tribes can lead to both short and long-term negative effects.
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The expression 'band' refers to the collective individuals who benefit from a given piece of land set apart for them.
The expression 'band' refers to the collective individuals who benefit from a given piece of land set apart for them.
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Indigenous peoples have the right to autonomy in local governance matters.
Indigenous peoples have the right to autonomy in local governance matters.
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The Aboriginal Governance Index assesses issues related to governance and fairness.
The Aboriginal Governance Index assesses issues related to governance and fairness.
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The unemployment rate in Canada was 7.5 percent in 2021.
The unemployment rate in Canada was 7.5 percent in 2021.
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First nation women living off reserve are less likely to be employed than first nations men living off reserve.
First nation women living off reserve are less likely to be employed than first nations men living off reserve.
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The Phillips curve illustrates the connection between inflation and unemployment rates.
The Phillips curve illustrates the connection between inflation and unemployment rates.
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Family security encompasses access to sufficient and nutritious food to maintain a healthy life.
Family security encompasses access to sufficient and nutritious food to maintain a healthy life.
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In the 2016 Census, employment rates for the core working-age population were highest in the Atlantic provinces.
In the 2016 Census, employment rates for the core working-age population were highest in the Atlantic provinces.
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Donna Feir's 2013 research highlights evidence for an 'on-reserve penalty' in employment.
Donna Feir's 2013 research highlights evidence for an 'on-reserve penalty' in employment.
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Divisibility means that resource use by one group increases availability for other groups.
Divisibility means that resource use by one group increases availability for other groups.
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Externalities occur when the welfare of some agents depends solely on their own activities.
Externalities occur when the welfare of some agents depends solely on their own activities.
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Flashcards
Utility Function in Economics
Utility Function in Economics
A mathematical function representing how much satisfaction a person gets from consuming different goods and services.
Economics Study
Economics Study
The study of how individuals and societies manage scarce resources.
Indigenous Peoples Definition (UN)
Indigenous Peoples Definition (UN)
There isn't a universally accepted, single, official definition provided by the UN.
Inuit
Inuit
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Métis
Métis
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Aboriginal Language Proficiency (2016)
Aboriginal Language Proficiency (2016)
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Status Indian Rights
Status Indian Rights
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Blood Quantum Laws (USA)
Blood Quantum Laws (USA)
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Indigenous Population Growth (Canada)
Indigenous Population Growth (Canada)
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Largest Indigenous Population Province (Canada)
Largest Indigenous Population Province (Canada)
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Market failure
Market failure
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Behavioral economics
Behavioral economics
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Satisfactory solutions
Satisfactory solutions
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Welfare state
Welfare state
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Aboriginal unemployment rate (2016)
Aboriginal unemployment rate (2016)
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Factors of production
Factors of production
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Bison & Prairie
Bison & Prairie
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Nisga'a Treaty (1999)
Nisga'a Treaty (1999)
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History's Impact on Aboriginal Economic Development
History's Impact on Aboriginal Economic Development
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Colonization's Impact on Indigenous Populations
Colonization's Impact on Indigenous Populations
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Legal Systems and Investor Protection
Legal Systems and Investor Protection
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Permanent Societal Shifts
Permanent Societal Shifts
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Maori Settlement of New Zealand
Maori Settlement of New Zealand
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Aboriginal Employment in Cities
Aboriginal Employment in Cities
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Employment Rate in Atlantic Canada
Employment Rate in Atlantic Canada
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Unemployment Rate in Canada (2020)
Unemployment Rate in Canada (2020)
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On-Reserve Penalty
On-Reserve Penalty
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Indigenous Labor Market Gaps (New Zealand)
Indigenous Labor Market Gaps (New Zealand)
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Land Rights and Resources
Land Rights and Resources
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Divisibility of Resources
Divisibility of Resources
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Externalities in Economics
Externalities in Economics
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Indigenous Peoples & Colonization
Indigenous Peoples & Colonization
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Russian Empire & Siberian Rights
Russian Empire & Siberian Rights
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Solow Model & Aboriginal Tasmanians
Solow Model & Aboriginal Tasmanians
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Micmac, Ottawa, Nipissing, Ojibway, Cree
Micmac, Ottawa, Nipissing, Ojibway, Cree
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Development & Geography
Development & Geography
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Colonies, Diseases & Institutions
Colonies, Diseases & Institutions
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Russian Eskimo and Inuit
Russian Eskimo and Inuit
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Mestizaje & Ancestry
Mestizaje & Ancestry
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Indian Act
Indian Act
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Self-Government
Self-Government
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Forced Coexistence
Forced Coexistence
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Treaty Rights
Treaty Rights
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Funding Cap
Funding Cap
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Perry Bellegarde
Perry Bellegarde
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John A. Macdonald
John A. Macdonald
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Aboriginal Governance Index
Aboriginal Governance Index
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Study Notes
Quiz 1 (30Q)
- The most inclusive term in Canada for Indigenous people is "Aboriginal"
- Not all First Nations people have status
- The legal definition of "Indian status" in Canada is not based on the Queen's Act
- Métis are people of mixed First Nations and European ancestry
- Canadian citizenship doesn’t automatically mean someone loses Indian status
- There are more than 600 First Nations bands in Canada
- Aboriginal and Torres Strait Islander unemployment rates in Australia were four times higher than the average in 2012.
- Economics is the study of how individuals and societies manage scarce resources.
- The UN does not have a universally accepted definition of Indigenous people
- An Inuit person is known as an Inuk
- COVID-19 case fatality rates among First Nations people on reserves were not necessarily higher than the general Canadian population
- Intermarriages from the fur trade were significant in the creation of the Métis people
- Only 16% of Aboriginals in Canada could speak an Aboriginal language as of 2016
- Western education did not help preserve Indigenous values
- Status Indians have rights and benefits that unregistered Indigenous persons do not have
- Utility function maximization is subject to the cost function in economics
- Blood quantum laws determine eligibility criteria in the USA
- There are no exact legal definitions for Aboriginals in Australia
- Maori are linked to Taiwanese Indigenous peoples
- Ontario has the largest population of Indigenous peoples in Canada
- There are estimated to be 370 million Indigenous people worldwide
- Aboriginal people in Canada comprised 4.9% of the total population in 2016: 1,673,785 individuals.
- The Indian Register is the official record of status Indians/Registered Indians in Canada
- PEI has the smallest population of Indigenous people in Canada
Quiz 2 (30Q)
- A monopoly is a market failure.
- Milton Friedman used "as if" in his realism debates
- A country's standard of living depends on its ability to produce goods and services.
- Framing choices does not affect results, in economic theory
- Canada's natural rate of unemployment is estimated to be between 6-8%.
- Framing can be used by politicians to influence choices.
- Inuit have the highest life satisfaction in Canada.
- The opportunity cost of something is what you give up to get it.
- Prosperity is not distributed equally in all societies.
- The natural rate of unemployment is not a short-run alignment with unemployment data
- Markets allocate resources through decentralized decisions of firms and households
- Incentives include both positive (rewards) and negative (punishments) reinforcement
- Firms do not maximize utility, they maximize profits
- Behavioral economics studies the concept of bounded rationality
- Efficiency means the optimal use of resources
- Governments do not always improve market outcomes.
- In 2016, there was an increase of up to 2% fund allocation annually to Aboriginal education in Canada
Quiz 3 (30Q)
- Bison were near extinction in the prairies.
- The Nisga'a Treaty (1999) was the first modern treaty on the West Coast and established Aboriginal title.
- In the Arctic, the Thule, Dorset, and Inuit cultures arrived around 900 CE
- Policies during the Stolen Generation didn’t aim to prevent mixed-race breeding
- The ideology of the Stolen Generation was not that Aboriginal culture was uncivilized, or an antithesis to civilization
- History is heavily influential in shaping aboriginal economic development
- Slavery existed among indigenous peoples before the arrival of Europeans
- The loss of culture doesn't result in a vicious cycle of low social capital and low human capital
- A potlatch is a gift-giving festival among Northwest Coast peoples
- The Indian Act of 1976 is not part of the Canadian Constitution.
- Frontier violence and diseases decimated indigenous populations in the USA.
- The Indian Act established the reserve system in Canada
- PEI has the lowest number of Indigenous people among provinces
- Aboriginal Economic theory operates with a diversity of assumptions that may not apply generally to other groups
- The Indian Act is seen as paternalistic
- Today's inclusive term for Indigenous people in Canada is "Aboriginal"
- The Indian Register is a record of registered or status Indians in Canada
- In 2016, there were 1,673,785 Aboriginal people in Canada, representing 4.9% of the total population.
Quiz 4 (30Q)
- Métis are people of mixed First Nations and European ancestry
- COVID-19 case fatality rates among First Nations people on reserves were not necessarily higher than the general Canadian population
- Only 16% of Aboriginal people in Canada could speak an aboriginal language in 2016.
- Not all First Nations peoples have status
- The Indian Act (1876) created the reserve system in Canada
- PEI has the lowest number of Indigenous peoples among the provinces in Canada
- Aboriginal people generally have the same structures for rational behaviour and incentives as others.
- Aboriginal population growth in Australia is primarily due to self-identification.
- The Indian Act is considered paternalistic.
- Aboriginal individuals are not always considered as belonging to the same social structure
- The most inclusive term for Indigenous people in Canada is "Aboriginal"
- The Indian Register holds the record of registered/status Indians in Canada
- In 2016, there were 1,673,785 aboriginal people making up 4.9% of the overall Canadian population.
Quiz 5 (30Q)
- The international definition of extreme poverty is less than $1.25 USD per day (2010).
- Income inequality is the uneven distribution of income within a group.
Quiz 6 (30Q)
- The poverty rate is calculated by the headcount ratio.
- Geography’s influence on agricultural productivity and quality of human resources is not insignificant
- The different levels of inequality do affect economic development
- The poor generally stay poor
- The Canadian Child Tax Benefit and the National Child Benefit Surpluses are not equivalent
- The benefit from NCBS and CCT (2005) is $15,400 per child
- Many households are benefited by debt reduction over asset accumulation
- "First few calories" are needed for basic survival
- A lack of self-control and focus can obstruct wealth accumulation
- The UN ranks Canada's 11th out of 35 industrialized countries regarding child-poverty
- Historical conditions impacted Indigenous people’s access to resources
- The top 1%’s median annual income in Canada in 2010 was $283,400
- Aboriginal identities are not uniform in their characteristics across populations
Quiz 7 (20Q)
- In 2016, Aboriginal peoples in Canada encompassed 5% of the population.
- Aboriginal people, on average, earn lower incomes
- Aboriginal people undergo higher unemployment
- The percentage of Aboriginal people living off-reserve increased.
- In 2016, 55.8% of First Nations people with registered or treaty status lived off-reserve, while those on-reserve were the rest.
- Winnipeg had the largest Métis population in 2016.
- More than 170 Aboriginal languages were reported in the 2016 Census.
- In 2016, there were around 1,674,000 Indigenous people in Canada.
- British Columbia had the second-highest Indigenous population in 2016
- Aboriginals generally have lower crime rates
- Aboriginals children are not less likely to live in a family with grandparents.
- There is no mention on the etymology of the name Quebec's relationship and the Iroquois word for "narrow passage"
Quiz 8 (30Q)
- Being part of a recognized ethnic minority in China comes with unique status similar to a non-minority individual.
- Using economic growth measures doesn’t always accurately reflect the income levels within a country.
- Being part of an ethnic minority in China implies access to political representation through regional autonomy
- Not all objectives related to development necessitate the availability of luxury goods.
- Métis have the highest educational attainment amongst Aboriginal groups.
- Yakuts are an aboriginal group in Russia.
- Urban Aboriginals usually refer to their pre-urban community for income expectations, not income of the current place
- Inuit lag the most in economic development relative to the other Aboriginal people.
- Decreasing infant mortality relates to societal shifts in perspectives
- Aboriginal people are not a monolithic group in terms of values
- The 1899 Nisga'a Treaty is the first aboriginal treaty agreement.
- The Han Chinese make up the majority in China, and are the largest ethnic group.
- IWGIA estimates that there are about 350 million indigenous people worldwide.
- Canada's indigenous population has shown increased self-sufficiency.
- Economic development of Aboriginal people is not always linked to resource richness.
- Aboriginal people often own and privately use ancestral land.
Quiz 9 (30Q)
- Perry Bellegarde is a member of the Little Black Bear First Nation in Saskatchewan
- The Indian Act established a system of colonial governance for First Nation communities
- The Crown acknowledges a unique relationship with Canada's Aboriginal peoples
- "Intoxicant" in the 1876 Act refers to alcohol and other intoxicating substances.
- Indigenous peoples have the right to self-governance in internal affairs
- Forced coexistence refers to the integration that indigenous people experience, rather than the original community and individual tribal differences.
- First Nations were granted certain rights, including annual payments, for land ceded they to British Crown, and later Canada.
- A $20 billion deficit in Canadian education funding
- Community votes are not essential for self-governance.
- Perry Bellegarde leads the Assembly of First Nations (AFN) since 2014.
- The Nisga'a Treaty is notable for establishing Aboriginal title to lands
- Self-governance is not a singular concept, meaning it isn’t always the same.
Quiz 10 (20Q)
- Aboriginal communities historically resided in less-developed regions with fewer job opportunities
- Individuals can be food-insecure even when working full-time
- The labor force includes the employed and those who wish to work and are able.
Quiz 11 (20Q)
- Aboriginal land rights are not tied inextricably to land possession
- Land rights facilitate access to agricultural and natural resources
- Interdependence of groups impacts resource utilization
- Externalities exist when an agent's actions affect others
- The Tragedy of the Commons refers to the overuse of shared resources
- Public goods are both non-excludable and non-rivalrous.
- Agriculture is not always the primary source of income for Aboriginal communities.
- The 1973 Calder Supreme Court of Canada Decision recognized Indigenous people’s ownership of traditional lands and resources.
- The Solow growth model evaluates factors impacting economic progress, including population growth and productivity/resources.
- The Coase Theorem discusses how negotiations resolve inefficiencies in resource allocation
- Reserve lands aren’t always easily or freely transferred to other stakeholders
- Indigenous peoples’ land claims often encompass diverse territories across Canada’s landscape
- Reserve land ownership principles are complex and involve multiple factors for Indigenous communities
Quiz 12 (20Q)
- Aboriginal identity involves self-identification, registration, and affiliation with First Nation bands.
- Defining human capital, focusing on skills and knowledge as valuable assets
- Identity economics is not a primary driver of economic choices
- Relationships between Indigenous peoples and non-Indigenous peoples are not automatically equal
- Aboriginal people are often disadvantaged in terms of human capital
- Inequality persists across demographic groups even if economic agents are rational/unprejudiced.
- Social capital is a form of network-based connections among members of a society, not specific physical entities
- Statistical discrimination explains gaps based on imperfect information about Indigenous peoples that non-Indigenous people hold
Quiz 13 (20Q)
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Description
Test your knowledge on market failures, indigenous governance, and the historical context of Aboriginal culture in Canada and Australia. This quiz covers various economic principles and their implications on society, especially in relation to Aboriginal peoples. Discover how historical events have shaped economic outcomes and cultural identities.