Unit 1 (Ch 6, 7, 8) Review

Which of these social programs helps specifically the poor to meet their basic needs?

Which describes a shift to the left of the economic spectrum?

What is a political platform?

Which economic system more strongly values individualism?

How does the Canadian government pay for social services such as health care?

The idea that the more people buy, the more jobs will be created and the better life will be.

What are labour unions?

In which economic system does the government control all the factors of production?

"We need to create equality while promoting a competitive economy" best fits whose platform?

Who has the most responsibility for administering health care in Canada?

This is the factor that keeps market economies fair and honest.

Which economic system provides the most encouragement for individual incentive to work hard.

In which economic system do its citizens tend to pay fewer taxes?

"Keep taxes low" is most likely part of which party's platform?

The following is an example of a shift RIGHT on the economic spectrum

What is the definition of scarcity?

How do most Americans pay for health care?

In Canada, government-owned corporations are called

What is collective bargaining?

Nintendo Wii's are overproduced and thus have a huge supply. What happens to the price?

Which of these is not an example of a government social program?

Individualism & cooperation are examples of __, which affect the economic system a nation uses

What are the "factors of production" that countries use to build wealth?

"Use social programs to create equality for all Canadians" best reflects whose ideas?

How long must someone live in Canada to qualify for a pension at age 65?

Which economic system is rarely a democracy?

This is a tax paid at the time of buying a product/service at a percentage of the price.

Which of these is usually considered a negative impact of consumerism?

Who to tax and what to tax are part of a political party’s ___ .

The following ideas are all examples of....

Your choices as a consumer can effect:

Which economic system more strongly values everyone sharing equally?

"The environment is the most important issue facing our country" is likely from whose platform?

This is a tax based on a percentage of someone's income.

Which of these parties is the furthest "right?"

When consumers act as a group to not buy a product until practices are changed

A mixed economist would argue that the best way to achieve public good is through

One who buys goods and thereby determines what gets produced in a market economy is a ___

GDP is used to measure...

Competition is important to a market economy because...

"Misrepresenting what you earn to avoid paying taxes" is the definition of...

When one company eliminates the competition and has sole control over the production of a good

What is the basic question/problem all economic systems are trying to solve?

Who determines what will be produced in a pure Market Economy?

In which economic system do governments tend to have some control over resources?

Who receives money from the Goods and Services Tax?

Having a Liberal government will shift the economy left which means...

Your amount of money, your health, and the opportunities you have are all part of your ____

When discussing labour unions, what is a strike?

Which of these parties is most likely to favour a mixed economy?