Question: Canada is a mixed economic system, in which both the marketplace and government play a role.For each of the following situations, explain why you think

Canada is a mixed economic system, in which both the marketplace and government play a role.For each of the following situations,explainwhy you think that it would be bestdealt with by market forcesorby government action. (6 marks)

1. There is not enough low-cost housing in Toronto, hence more affordable housing should be built.

2. There is a huge demand for plane tickets during the March Break busy travel season, leading to very expensive plane tickets.

3. Several manufacturers are cutting cost by dumping waste into a local river.

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2. It is the results achieved that are important.

3. What is the difference between perception and assessment of a particular everyday situation? Give at least three examples.

7. One or other combination of 16.