What is the definition of a labour union?

an organization of workers that protects workers' rights

What happens when demand goes up?

supply goes down and price goes up

Canada's Immigration and Protection Act does NOT...

respects only bilingual not multicultural immigrants

When supply equals demand equals price

What is the definition of scarcity?

a lack of land, labour or capital

Which economic system provides the best quality of life?

it depends on what you value as a citizen

What is the difference between a mixed and market economy on the economic continuum?

mixed is in the middle and market is on the right

What is a Crown Corporation

It is a corporation that is owned by the government

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Chapter 6: Economic Systems

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Grade 9 Social studies, Chapter 6: Economic Systems

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Questions 17

Answers

1
Canada is a ________ economy
market
planned
random
mixed
2
What is the definition of a labour union?
an organization of workers that protects workers' rights
an organization that supports child labour
it protects workers from being abused by their employees
It is the same as a worker'r guild
3
Which economy would be likely to support a filmmaker making a film about their country?
market economy
mixed economy
4
What happens when demand goes up?
supply goes up and price goes down
you run out of stock
supply goes down and price goes down
supply goes down and price goes up
5
Where is a planned economy on the continuum?
very far left
in the very middle
far right
far left
6
Which economy's founding principle is "Life, liberty and the pursuit of happiness" ?
The United States of Canada
The country of Canada
Americana
The United States of America
7
Which province, as of 2006, had the lowest unemployment rate?
Northwest Territories
British Columbia
Ottawa
Alberta
8
Canada's Immigration and Protection Act does NOT...
none are incorrect
respects only bilingual not multicultural immigrants
offers protection to people who are displaced and persecuted
Reunites Families in Canada
9
What is equilibrium?
When advertisers get more customers than they can support
When you know what a question equals
i don't know
When supply equals demand equals price
10
Which economy's founding principle is "peace, order and good government"?
The country of Canada
Long Nose mountain
Canadaa
The United States of America
11
What is the definition of scarcity?
a lack of land, labour or capital
when a city is scarred by disaster
when inflation increases the price of goods and services
when there is too much land, labour and capital
12
In economics, what is the opposite of competition?
Monopoly
scarcity
No competition because you're so good
Nothing
13
What creates the most scarcity?
Capital
Labour
Land
All of the above
14
Which economic system provides the best quality of life?
Planned economy
market economy
Mixed Economy
it depends on what you value as a citizen
15
What is the difference between a mixed and market economy on the economic continuum?
mixed is on the left and market is in the middle
mixed is in the middle and market is on the right
mixed economy is on the far right while market is far left
market is on the left and mixed is on the right
16
What is a Crown Corporation
It is a type of corporation that does not exist anymore
It is a complex business that runs with more than one C.E.O
It is the "crown" that is passed down from generations
It is a corporation that is owned by the government
17
Which economy is consumer driven?
all of the above
Mixed
Planned
Market

Chapter 6: Economic Systems Flashcards | StudBud