Social Studies 9 Chapters 6-7 (Economic Systems, Consumerism) Review

Question 1

Which of these is an example of consumer brand loyalty?

Accepted Answer

Drinking Coca-Cola because it's "way cool"

Question 2

How could a producer (e.g. Microsoft) become more competitive?

Accepted Answer

increase quality, decrease price

Question 3

This type of economy features both private and public control of production and consumption.

Accepted Answer

mixed

Question 4

When an economy "shifts left," it is said to be more...

Accepted Answer

liberal

Question 5

Which of these is an example of "shifting right?"

Accepted Answer

Canada selling off Crown corporations in the 1980s

Question 6

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

Accepted Answer

environmental damage

Question 7

Which of these countries is the most prosperous?

Accepted Answer

France

Question 8

What are labour unions?

Accepted Answer

organizations of workers that act to protect their interests

Question 9

Which of these is an example of land?

Accepted Answer

oil deposits

Question 10

Which of these countries is considered to be a command/planned economy?

Accepted Answer

Cuba

Question 11

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

Accepted Answer

consumerism

Question 12

Who is factored into the calculation of a country's unemployment rate?

Accepted Answer

jobless people seeking work, people who have jobs

Question 13

Which of these is an example of labour?

Accepted Answer

oil rig workers

Question 14

This type of economy is also known as socialism or communism.

Accepted Answer

planned

Question 15

In economics, what does it mean to "shift left?"

Accepted Answer

Dude, I don't know. Can't you just give me this one?, To increase government involvement in economy

Question 16

The problems faced by these men in the Great Depression led to

Accepted Answer

income assistance and work programs.

Question 17

Which of these is a result of government laws regarding the environment?

Accepted Answer

emissions standards on vehicles, banning of leaded gasoline

Question 18

When discussing labour unions, what is a strike?

Accepted Answer

A cessation of work until demands are met

Question 19

This cartoonist suggests that labour unions are

Accepted Answer

bad; high labour standards may force employers to cut jobs.

Question 20

This type of economy is also known as "capitalist."

Accepted Answer

market

Question 21

Which of these is not one of the three factors of production?

Accepted Answer

economics

Question 22

Which of the following comprises one-third of all North American waste?

Accepted Answer

packaging

Question 23

What is scarcity?

Accepted Answer

A shortage of goods and services

Question 24

In this type of economy, the government makes all decisions about production and consumption.

Accepted Answer

planned

Question 25

Which economic system has the least inequality?

Accepted Answer

planned

Question 26

What is prosperity?

Accepted Answer

material wealth

Question 27

Which of these is an example of capital?

Accepted Answer

oil rig equipment, stock in oil company

Question 28

What do economists study?

Accepted Answer

production, distribution and consumption of goods & services

Question 29

Which of these is a result of government laws regarding consumer safety?

Accepted Answer

ingredient lists on frozen pizzas, mandatory seatbelts in automobiles

Question 30

Which of the following would most likely increase the price of an item in a market economy?

Accepted Answer

increased demand, decreased supply

Question 31

I'm not going to eat at Boston Pizza because their food is awful. This is an example of a...

Accepted Answer

boycott.

Question 32

BONUS: This type of economy is characterized by local production and consumption for survival.

Accepted Answer

traditional

Question 33

Traditionally, which Canadian political party has been the most "left" economically?

Accepted Answer

New Democratic

Question 34

This cartoonist suggests that income assistance programs are

Accepted Answer

bad; the benefits may discourage people from seeking work.

Question 35

I'm going to decrease your taxes but also decrease funding of public healthcare. This is a...

Accepted Answer

shift right.

Question 36

What is collective bargaining?

Accepted Answer

negotiating as a group

Social Studies 9 Chapters 6-7 (Economic Systems, Consumerism) Review

Questions 36

Social Studies 9 Chapters 6-7 (Economic Systems, Consumerism) Review

Questions 36