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Duplicate of Social 9 Final Review Unit 2 Flashcards | StudBud
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Duplicate of Social 9 Final Review Unit 2
Duplicate of Social 9 Final Review Unit 2
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Social Studies 9 review for final exam
Flashcards
22 cards
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Practice quiz
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Host live
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Questions
22
Answers
1
Which economy is characterized by
total
government control of the economy?
Market
Socialist
Planned
Mixed
2
Another term for the
market
side of the economy is:
Capitalism
Socialism
Communism
Fascism
3
When does
scarcity
occur?
Supply > Demand
Demand > Supply
Supply = Demand
4
The
RIGHT
side of the political spectrum is characterized by:
High Taxes & Low Govt Control
Low Taxes & Low Govt Control
Low Taxes & High Govt Control
High Taxes & High Govt Control
5
The
best
definition for
monopoly
(in economic terms) is...
When one producer controls all supply of a good/service
When the govt does not control the supply of a good/service
When many producers control the supply of a good/service
A really nifty board game
6
A shift
left
on the economic spectrum would mean...
LESS government involvement
MORE government involvement
SAME level of government involvement (No Change)
7
Which political party in Canada would support the
lowest
taxation level?
NDP
Liberals
Green
Conservatives
8
Which economic system does Canada
most closely
match?
Mixed
Market
Planned
9
Which of the following is
not
a key characteristic of the Canadian government?
Common Good
Limited govt involvement
Cooperation
Collectivism
10
Supply and demand tends to drive
which economic system
the
most?
Market
Mixed
Planned
11
What is another term for a
planned
economy?
Command
Directed
Fascist
Capitalist
12
What is the
best
definition for a
crown corporation
?
Company owned and operated both publicly and privately
Company owned and operated privately
Company owned and operated by the production agency
Company owned and operated by the Canadian government
13
"When consumers voluntarily abstain from (stop) using a product as a form of activism"
Low Demand
Protest
Boycott
Monopoly
14
Which political party in the United States would support a
higher
taxation level?
Democrats
Republicans
15
Which American and Canadian parties are
most closely
matched?
Liberal - Democrat
Liberal - Republican
NDP - Republican
NDP - Democrat
16
Which of the following is
not
one of the main factors of production?
Land
Capital
Labour
Equipment
17
Which of the following terms are
not
associated with labour unions?
Private Property
Collective bargaining
Strike
Collective agreement
18
Which of the following is
not
a marketing technique as discussed in class?
Scientific Appeal
Glittering Generalities
Propaganda
Testimonials
19
Which economic system does the United States
most closely
match?
Market
Mixed
Planned
20
What is the
best
definition for
economics?
The level in which the government has control over business
Utilizing supply and demand to determine production
Production, distribution and consumption of goods/services
Buying and selling goods/services
21
When does a state of
equilibrium
occur in the economy?
Supply = Demand
Demand > Supply
Supply > Demand
22
The
best
definition for
competition
(in economic terms) is...
Rivalry among sports teams to win a tournament
Rivalry among schools to have the highest graduation average
Rivalry among early explorers to find the "New World"
Rivalry among producers to sell the most product
