Economics 12 Unit 1 Review Quiz

A budget surplus means that the government has:

The category of shares that provide voting rights and access to dividends:

Which of the following is an example of an Oligopoly?

This piece of legislature ensures that all firms doing business in Canada remain competitive:

This refers to the study of the broad economies performance as a whole.

The supply of non-unionized labour is NOT affected by which factor?

If you make a trade using information that is not common knowledge, you have committed:

One major factor contributing to the stock market crash of 1929 was

A regressive tax can best be described as:

The production of one good in favour of another good with the same inputs is referred to as:

Which is NOT a trait of concentrated industries

In Economics, elasticity can best be described as:

What ways can governments use a budget surplus for the betterment of a country?

This refers a common business model that has firms doing business in more than one country:

The "disemployment effect" occurs when:

Which is NOT a factor that can affect overall demand?

Buying shares in a company provides an investor with:

Which of the following is NOT a reason for women entering the workforce?

A budget deficit means that the government has:

A shortage occurs usually when:

Which is NOT a factor that can affect overall supply?

When a broker contacts a client asking for money to keep an account at a certain balance:

A risky stock which normally sell for less than $1 or less and are traded in smaller markets:

Non-voting shares that pay a dividend first, and are favoured buy cautious investors are:

The first European stock exchange was founded in this country:

Which is NOT a trait of competitive industries

As price goes up, quantity supplied goes _____.

The major economic inputs (resources) are classified as:

The practice of purchasing stock with borrowed money (usually secured through collateral) is:

Which factors influence the "male-female wage gap"?

A loan security issued by a government or company as a means of raising capital (not stock):

Distribution of earnings (share of the profits) to shareholders is known as:

As price goes up, quantity demanded goes _____.

A surplus occurs usually when:

Which of the following is NOT a reason for income differentials in non-unionized labour supply?

Identify the type of elasticity depicted:

The term "efficiency" refers to

A situation in which the general level of prices on the stock market is dropping is referred to

Which of the following groups of people have a strong tendency to be poor?

A situation in which the general level of prices on the stock market is rising is referred to

The economics problem in one word can be described as:

A progressive tax can best be described as:

October 29, 1929 is a date known in the history of the stock market as

When selling a stock, it's price is referred to as:

This visually depicts the production output combinations for a firm

Which of the following is an example of a firm in a monopolistically competitive industry?

The creation of unions was primarily for the purpose of:

In Canada's Mixed Market System, health care, education, and law enforcement are classified as:

This is the term used to broadly describe investing in things like stocks (common or preferred)

Which of the following make up the major aspects of Canada's welfare system?

Market equilibrium can best be described as:

The creation of unions was primarily for the purpose of:

The term "effectiveness" refers to

This colourful name refers to established companies with stable earnings and reputation:

Which of the following is NOT a benefit of collective bargaining?

From the 1950s onward, this industry experienced massive employment growth in Canada

Canada's economic system can best be classified as:

The way a society allocates its many different and limited resources refers to the study of:

A general strategy for investing in the stock market is to:

Basic raw materials such as metals are traded on an exchange are referred to broadly as: