Economics is the study of:

Production, distribution, & consumption of goods & services

A mixed economy (Canada) involves:

private ownership and government ownership

Canada's founding economic principle is as follows...

"peace, order, and good government"

What is a labour union?

an organization of workers that protect workers rights

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Economic Systems - Ch 6 Review Grade 9

15 termsStudBud Administration939 plays

A review of what we have learned so far! #economics #mixed #market #scarcity, etc!

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Questions 15

Answers

1
Economics is the study of:
Consumption of goods & services
Production of goods & services
Distribution of goods & services
Production, distribution, & consumption of goods & services
2
Telus vs. Rogers. vs. Bell is an example of what type of market?
A competitive market
A monopolistic market
A cellphone market
A crown market
3
A mixed economy (Canada) involves:
only private ownership
private ownership and government ownership
none of these
only government ownership
4
An example of a crown corporation is?
Pizza Hut
Petro-Canada
Rogers
Microsoft
5
Canada's founding economic principle is as follows...
"life, liberty and the pursuit of happiness"
"peace, order, and good government"
"land of wide-open spaces"
"peace of the land, people, and freedom"
6
A market economy (USA) involves
private ownership and government ownership
none of these
only private ownership
only government ownership
7
Collective bargaining is....
negotiating as an individual
negotiating as a group
not negotiating at all
negotiating by bargaining
8
Supply involves...
producers
consumers
9
What is a labour union?
an organization that is designed for employers
an organization of workers that protect workers rights
an organization of workers that value unfairness
an organization that is designed for only American workers
10
Supply is about ______ things people want
producing
what
demanding
consuming
11
Strikes are used as a form of ______ for employers
tests
pressure
kindness
agreements
12
Demand involves.....
producers
consumers
13
Demand is about ______ people want
what
making
consuming
producing
14
Because of unions, Canada has labour laws
True
False
15
Scarcity includes which factors of production?
Land, labour, capital
Labour, agreements, money
Land, government, food
Capital, population, greed

Economic Systems - Ch 6 Review Grade 9 Flashcards | StudBud