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Economics Quizzes: Aboriginal Economics, Microeconomics, and Economic History, Quizzes of Economics

A series of quizzes with questions and answers related to economics, specifically focusing on aboriginal economics, microeconomic principles, and historical economic events. It covers topics such as the definition of aboriginal status in canada, economic theories, market failures, and historical events affecting indigenous populations. The quizzes test understanding of key concepts and their application in real-world scenarios, providing a comprehensive review of the subject matter. It is useful for students studying economics and indigenous studies, offering insights into economic policies and their impact on aboriginal communities. The document also touches on behavioral economics and welfare economics, providing a broad overview of economic thought and its relevance to contemporary issues.

Typology: Quizzes

2024/2025

Available from 05/29/2025

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ECO 1103 -All Quizzes 1-12, Questions & Answers_2025.
QUIZ 1 (30Q)
1
Today the most inclusive term in general usage in Canada is “Aboriginal” (Indigenous)
F
2
All First Nations people have Status
F
3
The legal definition in Canada of who has “Indian status” is based on the Queen’s Act
F
4
Métis are people with mixed First Nation and European ancestry, distinct from First Nations, Inuit, or Non-Aboriginal people
T
5
Having Canadian citizenship automatically means that a person loses Indian status
F
6
There are less than 600 bands in Canada (604)
F
7
The unemployment rate for Aboriginal and Torres Strait Islanders was four times that of the average in Australia in 2012.
T
8
The utility function is at the heart of economic theory
T
9
Economics is the study of how we as individuals and a society manage scarce resources
T
10
The UN has an official commonly accepted definition for indigenous people
F
11
A Inuit person is known as an Inuk
T
12
The COVID-19 case fatality rate among First Nations people living on a reserve was higher than the case fatality rate of the
general Canadian Population
F
13
The intermarriages arising from the fur trade played a significant role in the creation of the Métis people
T
14
Only 16% of Aboriginals in Canada could speak on Aboriginal languages as of 2016
T
15
According to reading material, western education helped preserve indigenous values
F
16
Status Indians have rights and benefits that are not granted to unregistered indigenous persons
T
17
The utility function is maximized subject to the cost function
F
18
In the USA blood quantum laws determine eligibility criteria
T
19
The is no exact legal definitions for Aboriginals in Australia
T
20
Maori have ethnic links with Taiwanese Indigenous peoples
T
21
ON is the province with the largest TOTAL number of indigenous peoples in canada
T
22
The IWGIA estimates that there are up to 370 million indigenous people worldwide
T
23
- In 2016, there were 1,673,785 Aboriginal people in Canada, accounting for 4.9% of the total population
T
24
The indian Register is the official record of status indians or registered indians in canada
T
25
PEI in the province with the smallest number of indigenous peoples in Canada
T
26
Inuit and Métis are granted Status in Canada
F
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Download Economics Quizzes: Aboriginal Economics, Microeconomics, and Economic History and more Quizzes Economics in PDF only on Docsity!

ECO 1103 - All Quizzes 1 - 12 , Questions & Answers_2025.

QUIZ 1 (30Q)

1 Today the most inclusive term in general usage in Canada is “Aboriginal” (Indigenous) F 2 All First Nations people have Status F 3 The legal definition in Canada of who has “Indian status” is based on the Queen’s Act F 4 Métis are people with mixed First Nation and European ancestry, distinct from First Nations, Inuit, or Non-Aboriginal people T 5 Having Canadian citizenship automatically means that a person loses Indian status F 6 There are less than 600 bands in Canada (604) F 7 The unemployment rate for Aboriginal and Torres Strait Islanders was four times that of the average in Australia in 2012. T 8 The utility function is at the heart of economic theory T 9 Economics is the study of how we as individuals and a society manage scarce resources T 10 The UN has an official commonly accepted definition for indigenous people F 11 A Inuit person is known as an Inuk T (^12) The COVID- 19 case fatality rate among First Nations people living on a reserve was higher than the case fatality rate of the general Canadian Population

F

13 The intermarriages arising from the fur trade played a significant role in the creation of the Métis people T 14 Only 16% of Aboriginals in Canada could speak on Aboriginal languages as of 2016 T 15 According to reading material, western education helped preserve indigenous values F 16 Status Indians have rights and benefits that are not granted to unregistered indigenous persons T 17 The utility function is maximized subject to the cost function F 18 In the USA blood quantum laws determine eligibility criteria T 19 The is no exact legal definitions for Aboriginals in Australia T 20 Maori have ethnic links with Taiwanese Indigenous peoples T 21 ON is the province with the largest TOTAL number of indigenous peoples in canada T 22 The IWGIA estimates that there are up to 370 million indigenous people worldwide T 23 - In 2016, there were 1,673,785 Aboriginal people in Canada, accounting for 4.9% of the total population T 24 The indian Register is the official record of status indians or registered indians in canada T 25 PEI in the province with the smallest number of indigenous peoples in Canada T 26 Inuit and Métis are granted Status in Canada F

27 BC is the province with the smallest number of indigenous peoples in Canada F 28 The University of Ottawa lies on the traditional land of the Algonquin people T 29 Indigenous peoples inhabited Canada for less than 6000 years prior to European contact F 30 There are three indigenous groups in Australia F 31 First Nations cannot have their own membership criteria F 32 Constitution (section 35.2) recognizes three types of Aboriginal peoples in Canada: Natives Inuit Métis F 33 The median income of American Indians is greater than the national average F 34 According to reading material, western education helped preserve indigenous values F 35 The legal definition in Canada of who has "Indian status" based on the Queen's Act F 36 The indigenous population of Canada is growing. In 20 years, the indigenous population is likely to exceed 2.5 million persons. T 37 Michif is the ancestral language of the Metis Nation T 38 There is no exact legal definition for Aboriginals in Australia T 39 Indigenous people inhabited Canada for less than 6000 years prior to European contact. F 40 The IWGIA estimates there are up to 370 million indigenous people worldwide T 41 The average age for Aboriginals in Canada is higher than the average for Non-Aboriginals F 42 An Inuit person is known as an Inuk T 43 The UN has an official commonly accepted definition for indigenous people. F (^44) The COVID- 19 case fatality rate among First Nations people living on a reserve was higher than the case fatality rate of the general Canadian Population

F

45 Only 16% of Aboriginals in Canada could speak an Aboriginal language as of 2016. T 46 All First Nations peoples have Status F 47 The Indian Act (1876) established the Reserve System in Canada T 48 PEI is the province with the smallest number of indigenous peoples in Canada T 49 Aboriginal Economics assumes that all groups of people have the same structures for their rational behaviour and incentives. F 50 The growth of the indigenous population in Australia is mostly due to self-identification F 51 The Indian Act is considered to be paternalistic? T 52 Today the most inclusive term in general usage in Canada is "Aboriginal." T 53 The Indian Register is the official record of Status Indians or Registered Indians in Canada. T

20 Ideally, a social planner optimizes social welfare T 21 Externality is recognized as one of the reasons for market failure T 22 Externality arises when the production or consumption of a good affects other people T 23 Productivity is quantified by the average amount of goods and services produced by a worker per hour T 24 If a person is waiting for the start date of a new job, then they are unemployed T 25 Thaler criticizes "As if" T 26 Welfare states are perceived to be less productive than non-welfare states T 27 Financial crisis 2008 - 10 had worse consequences for aboriginal people in Canada than for non-aboriginals T 28 Homo economicus optimizes society's well-being as a whole F 29 One of the important roles for governments consists of abolishing property rights F 30 Inuit have the smallest median income among indigenous people F 31 In classical economics, people occasionally make optimal decisions F 32 Incentive is a catalyst that induces a person to act: the prospect of a reward or punishment T 33 Human capital comprises knowledge and skills workers acquire through education, training, and experience T 34 Natural resources include inputs into production that are available, e.g., land and mineral deposits T 35 Homo economicus denotes a rational and altruistic person F 36 Trade makes everyone better off F 37 There^ is^ a^ trade-off^ between^ economic^ well-being^ and^ environmental^ concerns^ T 38 Past expenses are important for rational people F (^39) Opportunity costs of attending college for a year includes not only tuition, books, and auxiliary fees, but also foregone wages.

T

40 Market failure refers to situations when markets allocate society's resources efficiently F 41 Simon noted, the term "behavioral economics" is a bit odd T 42 Simon^ suggested^ that^ people^ often^ choose^ satisfactory^ solution^ instead^ of^ optimal^ T 43 Adam Smith can be considered as a behavioral economist T 44 Marginal changes stand for total adjustments to an existing plan F 45 Canada is considered to be a welfare state T 46 Forty per cent of Great Britain's growth from 1790 - 1980 was due to improved nutrition F 47 Consumers maximize profits F

48 In 2016, aboriginal unemployment rate was 15.2 per cent T 49 Factors of production include profit, consumption and land F 50 51 52 53 54 55 56 57 58 59 60 QUIZ 3 (30Q) 1 Bison was almost hunted to extinction in the Prairies T 2 Nisga'a^ Treaty^ (1999)^ was^ the^ first^ modern^ treaty^ on^ the^ West^ Coast,^ which^ established^ the^ Aboriginal^ title.^ T 3 Thule, Dorset, and Inuit cultures arrived in parts of the Artic archipelago around 900 CE T 4 Colonies with a high deadly disease environment had less European settlement, growth-promoting institutions were established in these colonies to protect property rights during colonial rule

F

5 Policies during the Stolen Generation included the prevention of mixed breeding (to keep aboriginal genes intact). T 6 The ideology of the Stolen Generation assumed that aboriginal culture is civilized F 7 History is paramount in shaping aboriginal economic development T 8 Slavery among indigenous peoples existed before the arrival of Europeans T 9 Loss of culture causes a vicious cycle of low social capital and low human capital F 10 A potlatch is a festival that celebrates gift-taking practiced by indigenous peoples of the Pacific Northwest Coast of Canada

F

11 The Indian Act of 1976 is a part of the Constitution that regulates indigenous governance in Canada. F (^12) Diseases and frontier violence that were introduced by colonizers in the USA led to mass population loss among the indigenous peoples

T

13 Bill C- 31 eliminated the authority of bands to set their own membership rules F 14 Arguably, countries with legal systems based on British common law offer greater investor protection relative to countries with legal systems based on civil law.

T

(^40) Historically speaking, colonies that were less impacted by deadly diseases had more adequate conditions for growth- promoting institutions to be established.

T

41 Russian Eskimo are genetically and culturally connected to the Inuit. T 42 Mestizaje^ denotes^ homogenous^ ancestry^ F 43 As a rule, indigenous people distrust those outside the tribe. T 44 Social capital includes norms and networks that facilitate collective action for mutual benefit T 45 Glooscap^ is^ the^ Transformer^ for^ Algonquian^ peoples^ T 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 QUIZ 4 (30Q) 1 According to the 2013 Census, there were 598,605 people of Māori ethnicity living in New Zealand T 2 The First Nations population includes only those who are members of a First Nation/Indian Band. F 3 Since 2006, the Aboriginal population has grown by 22.7%. F 4 In 20 years, the Aboriginal population is likely to exceed 5 million F 5 As of 2016, there were 65,025 Inuit in Canada T 6 In 2016, the percentage of Indigenous people in Canada was 5.86%. F 7 In 2006, 4.8% of the Aboriginal population was 55 years of age and older; by 2016, this proportion had risen to 7.3%. F

8 Among aboriginal groups, the Inuit underwent the largest increase from 2006 to 2016 F 9 Aboriginals generally receive less education T 10 Aboriginals generally earn higher incomes F 11 The^ First^ Nations,^ Metis,^ and^ Inuit^ populations^ generally^ grow^ faster^ than^ the^ non-aboriginal^ population^ T 12 In 2016, 55.8% of First Nations people with registered or treaty Indian status lived off reserve, while the rest lived on reserve

T

13 In^ 2016,^ employment^ rate^ among^ aboriginals^ was^ 52.1%.^ T 14 Aboriginal people get free post-secondary education F 15 Winnipeg had the largest Métis population in 2016 T 16 More than 170 Aboriginal languages were reported in the 2016 Census. F 17 In 2016, the total number of Indigenous people in Canada was 1.674 million T 18 British Columbia had the second largest Aboriginal population in 2016 T 19 There are more than 60 thousand Inuit in Canada. T 20 Aboriginals generally experience poorer health than non-aboriginal people. T 21 Aboriginals generally have lower crime rates F 22 Aboriginal children are less likely to live in a family with grandparents F 23 In 2016, the percentage of Metis people in Canada was 2.9%. F 24 The etymology of the name Quebec is related to the Iroquois word for "narrow passage" or "strait." F 25 Among aboriginal groups, the Métis population showed the smallest increase from 2006 to 2016 F 26 The average age of the Aboriginal population was 40.9 years in 2016 F 27 Participation in Census among First Nations has been on the rise in the last 20 years T 28 In 2016, there were 602,305 Métis, which equals to 1.9% of the total population F 29 The Aboriginal population living in metropolitan areas is growing. T 30 In 2016, employment rate among 25–54 year-old aboriginals was 84.8%. F 31 In 2016, Aboriginal people in Canada comprised 4.9% of the Canadian population T 32 There were 744,855 First Nations people with registered or treaty Indian status in 2016 T 33 The majority of Métis live in cities T (^34) In 2016, the percentages of First Nations, Metis, Inuit among Indigenous people in Canada were 68, 35, and 1, respectively

F

35 Indigenous peoples continue to be significantly younger than the non-Aboriginal population T

QUIZ 5 (30Q)

1 The international definition of extreme poverty is less than $1.25/day (in 2010). F 2 Income inequality describes the extent to which income is distributed unevenly among members of a group of people. T

3 Geography exerts a weak influence on agricultural productivity and the quality of human resources. F 4 The multidimensional nature of poverty represents different aspects of consumption F 5 There is unanimity across income levels of the Aboriginal identities F (^6) In 2006, the largest wage gaps for males and females were between non-Aboriginal persons and those who reported Registered Indian status and lived on-reserve.

T

(^7) Reductions in the earnings gap over time are more prominent at the lower ends of the education level than at the higher ends of the education level

F

8 The monetary returns to education tend to be greater for Aboriginal persons compared to non-Aboriginal persons. T (^9) Extreme poverty is a condition characterized by any deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education, and information.

F

(^10) The fact of winning the Georgia's Cherokee Land Lottery of 1832 did not have significant effect on the number of children sent to school.

T

(^11) The Lorenz curve shows the actual qualitative relationship between the percentage of income recipients and the percentage of total income they received during a time period (year)

F

(^12) Glass Ceiling refers to unseen, yet unbreakable, barriers that prevent minorities and women from climbing up the career ladder, regardless of their qualifications or achievements.

T

13 Relative poverty is the same as absolute poverty F (^14) The government should more actively pursue the development of First Nations out of reserve educational systems that would be similar in quality and effectiveness to educational systems in non-First Nation communities across Canada

F

15 Behavioral factors, such as lack of self-control and an inability to remain focused on achieving financial goals, impede individuals' ability to accumulate wealth

T

(^16) The UN ranks Canada 11th out of 35 industrialized countries when child-poverty rates are compared with overall poverty rates.

F

17 BoLT consisted of four separate interventions F (^18) The New World's riches on the one hand solidified Spanish tyranny but on the other hand nurtured a merchant elite in Britain.

T

19 In 2010, the top 1% of income earners in Canada had a median annual income of $283,400. T 20 Inclusive institutions protect individual rights and encourage investment and effort. T 21 Two thirds of First Nations kids live in poverty. F 22 Growth affects the level of inequality. F 23 Different levels of inequality carry different levels of impact on economic growth T 24 Sticky floor refers a discriminatory employment pattern that cements a certain group of people at the top of the job scale

F

(^25) Aboriginal people living in Canada: a. are more likely to collect employment insurance and social assistance; b. have lower average income;

T

QUIZ 6 (30Q)

1 The poverty rate assumes the headcount ratio T 2 Geography exerts a weak influence on agricultural productivity and the quality of human resources. F 3 Different levels of inequality carry different levels of impact on economic growth T 4 The poor stay poor. T 5 BoLT consisted of four separate interventions F 6 For many households, debt reduction offers a more efficient path to achieving greater wealth than asset accumulation T 7 The first few calories are used by your body just to survive: they don't make you strong. T (^8) The government should more actively pursue the development of First Nations out of reserve educational systems that would be similar in quality and effectiveness to educational systems in non-First Nation communities across Canada.

F

9 The total benefit from the NCBS and the Canada Child Transfer totals $15,400 for the first child. (data 2005). F (^10) Absolute poverty measures poverty in relation to the amount of money necessary to meet basic needs such as food, clothing, and shelter

T

(^11) In 2006, the largest wage gaps for males and females were between non-Aboriginal persons and those who reported Registered Indian status and lived on-reserve.

T

(^12) Economic disadvantage for the overwhelming majority translates into ill health, missed educational opportunities, and —increasingly—the familiar symptoms of depression: alcoholism, obesity, gambling, and minor criminality

T

(^13) The Georgia's Cherokee Land Lottery study suggests that family financial resources play a dominant role in the transmission of human capital across generations.

F

14 The multidimensional nature of poverty represents different aspects of consumption F 15 In 2010, the top 1% of income earners in Canada had a median annual income of $283,400. T 16 There is unanimity across income levels of the Aboriginal identities F

(^17) The fact of winning the Georgia's Cherokee Land Lottery of 1832 did not have significant effect on the number of children sent to school.

T

18 The international definition of extreme poverty is less than $1.25/day (in 2010). F (^19) Glass Ceiling refers to unseen, yet unbreakable, barriers that prevent minorities and women from climbing up the career ladder, regardless of their qualifications or achievements.

T

20 For^ the^ Māori,^ government^ welfare^ transfers^ made^ up^ roughly^ 10%^ more^ of^ their^ total^ average^ weekly^ income^ than their European counterparts since 2012.

T

(^21) Poverty results from a lack of access to vital resources rather than some character flaw that prevents an industrious spirit from rising to the surface

T

(^22) The theory of poverty helps to explain why certain aid programs, which do not provide a high enough level of support, may be ineffective at raising individuals from poverty.

T

(^23) If you give something away for free, people will expect to get that thing (and perhaps everything else!) for free in the future.

T

(^24) Reductions in the earnings gap over time are more prominent at the lower ends of the education level than at the higher ends of the education level

F

25 The Poverty Gap stands for the difference between the poor's income and the poverty line. T 26 The USA income gap between aboriginals and non-aboriginals is similar to its Canadian counterpart T 27 Aboriginal^ people^ living^ in^ Canada: a. have lower average income; b. are more likely to collect employment insurance and social assistance; c. are more likely to experience physical, emotional, or sexual abuse

T

28 New Zealand practices a relatively generous welfare system. T 29 Within the Aboriginal population, status Indians fare worst T (^30) Neo-classical economics tells us that, whenever there is an externality, wages should be used to align private incentives.

F

31 How much you pay gives you a sense of the value of a good. T 32 The concept of poverty trap refers to a mechanism that describes how easy it is to escape poverty F 33 The gap in median weekly income for Māori over the 10 - year period discussed in class has increased almost two- fold.

T

34 People may be financially better off being unemployed than being in full-time employment T 35 36 37 38

extending to Indigenous worldviews that includes spiritual, cultural and identity. 7 According to Joe Stiglitz, traditional societies aim at the transformation of the world F 8 Having a university degree or college diploma and higher income increase happiness. T 9 The acceptance of the world as it is stands for one of the characteristics of traditional societies T (^10) Urban Aboriginals anchor their income expectations on incomes generated in the urban community from which they migrated, rather than on incomes in the city in which they live.

F

11 Aboriginal peoples are, on average, happier than non-aboriginals F (^12) The National Indigenous Economic Development Boards 2019 Indigenous Economic Progress report continues to measure progress for in key benchmarks outlined in the 2012 report.

T

13 Institutions do not govern the behaviour of aboriginal people. F 14 Economic development may come in contradiction with preservation of traditional values for indigenous communities. T (^15) The determining factor of success emanates from the imagination and creativity that aboriginal people bring to the enterprise.

T

(^16) Advancing national economic development for indigenous peoples is one of the 4 priority areas of the National Indigenous Economic Development Boards 2020-2023 Strategic plan

F

17 The Three Objectives of Development include increasing availability of luxury goods F (^18) Partnering with post-secondary institutions and indigenous researchers is a good way to reduce data gaps on indigenous economic indicators

T

19 Joseph Stiglitz recognizes that in advanced societies aboriginals are allowed to live in traditional ways T 20 Right to land policies can increase autonomy, generate revenues and create economic opportunities T 21 Regulation theory builds on social relations T 22 To be able to choose is one of core values of development T 23 Social entrepreneurship leads to the establishment of new social enterprises. T (^24) Rural indigenous communities face major challenges to: attract investment; access finance; grow businesses; support female and rural entrepreneurs; increase skills training, mentorship and education.

T

25 The market economy is an example of institutions T 26 The Canadian census ensures that there is NO data gap for key economic indicators for indigenous peoples F (^27) Advancing Economic Reconciliation is one of the 4 priority areas of the National Indigenous Economic Development Boards 2020-2023 Strategic plan.

T

28 The living standards of Aboriginal and non-Aboriginal populations have tendency for convergence. T 29 Marriage is an example of an institution. T 30 The number of Indigenous people who can speak an Indigenous language grew in the last decade. T

31 Selfishness is one of core values of development. F 32 "Scientific" ways of thinking consist of identifying critical variables that affect outcomes, attempting to make inferences T based on available data, and recognizing what we know and what we do not know. 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57

(^23) Indspire is a national charitable organization that provides bursaries to Indigenous youth to help them complete high school.

F

24 Institutions do not govern the behaviour of aboriginal people. F 25 The value of output produced within a country plus net property income from abroad is Gross National Product T 26 The Nisga'a treaty was settled between the Nisga'a and the Federal Government of Canada. F (^27) In spite of the gains in educational qualifications, the employment rates of Indigenous people did not increase between 2006 and 2016.

T

28 Most^ studies^ document^ phenomena^ where^ indigenous^ peoples^ are^ disadvantaged^ in^ terms^ of^ physical^ and^ human capital endowments.

T

29 Juxtaposing aboriginal communities with non-aboriginal groups yields lower social fractionalization among the former. F 30 Aboriginal people in Canada contribute significantly to the combined household income in Canada. F 31 The T'Souke First Nations group is Canada's second Aboriginal solar community. F (^32) Subsistence farming, non-paid work, as well as Illegal and informal markets are not considered to be economic activity.

F

33 Uygur is China's largest minority group. F 34 Collective control of natural resources is one of the values in traditional societies. T (^35) Social capital, defined as traditional community values and socioeconomic structures, is often referred to as the sole productive capital minorities have in abundance.

T

(^36) The We Wai Kai Nation is focused on Indigenous development to become self-sufficient. They are currently producing airplanes.

F

37 Disaggregated data are collected from one main source using multiple measures. F 38 Regulation theory builds on social relations. T 39 The T'Souke First Nations group developed windmills to produce their own electricity. F 40 41 42 43 44 45 46 47 48

QUIZ 9 (30Q)

1 Perry Bellegarde is a member of the Little Black Bear First Nation in Saskatchewan. T 2 The Indian Act imposed a colonial governance system on First Nation communities. T 3 The^ Crown^ recognizes^ that^ they^ have^ a^ unique^ relationship^ with^ the^ Aboriginal^ people^ of^ Canada.^ This^ recognition will be ended by a self-government agreement.

F

4 "intoxicant" includes alcohol, alcoholic, spirituous, vinous, fermented malt or other intoxicating liquor or combination of liquors and mixed liquor a part of which is spirituous, vinous, fermented or otherwise intoxicating and all drinks, drinkable liquids, preparations or mixtures capable of human consumption that are intoxicating

T

5 Indigenous peoples have the right to autonomy or self-government in matters relating to their internal and local affairs. T 6 Forced coexistence indicates whether a reservation integrates multiple bands or, instead, is formed out of a single tribe.

T

7 Forcing people with no history of shared governance into shared jurisdictions can have large negative long-run consequences, even when the people have roots that are ethnically and linguistically similar.

T

8 First Nations were guaranteed certain rights, such as annual payments, when they ceded land to the British Crown and later to Canada in a series of treaties.

T

9 The 2% funding cap in education created a cumulative deficit of over $20 billion. T 10 Community vote is indispensable for self-governance. T 11 Perry^ Bellegarde^ has^ been^ serving^ as^ the^ national^ chief^ of^ the^ Assembly^ of^ First^ Nations^ since^ December^ 10,^ 2014.^ T 12 John A. Macdonald's rule was controversial. T