Key Terms Quiz

Match the following terms and definitions


1				A company that is owned by the federal or provincial government.


2				Occurs when a government spends over and above the amount it gathers in taxes for a specific period of time (namely, a fiscal year).


3				A federal government program for reducing fiscal disparities among provinces.


4				A comprehensive report that reveals government financial policies for the coming year.


5				The federal government’s effort to keep the economy stable by increasing or decreasing taxes or government spending.


6				A comprehensive, coordinated government plan to guide and revitalize the economy.


7				Organizations that control the supply or pricing of certain agricultural products in Canada.


8				The management of the money supply and interest rates controlled by the Bank of Canada.


9				The accumulation of government surpluses and deficits over time.


10				Government directive used by Canada’s first Prime Minister that placed high tariffs on imports from the United States to protect Canadian manufacturing, which had higher costs.


11				The process of governments selling Crown corporations.


12				An excess of revenues over expenditures.


13				Direct payments from governments to other governments or to individuals.

Answer choices for questions 1 through 13