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Duplicate of SS 9 Chapters 6-7 Review Economics Flashcards | StudBud
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Duplicate of SS 9 Chapters 6-7 Review Economics
Duplicate of SS 9 Chapters 6-7 Review Economics
26 terms
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StudBud Administration
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All about economic systems and consumerism!
Flashcards
26 cards
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Questions
26
Answers
1
This type of economy is also known as "capitalist."
traditional
planned
market
mixed
2
Which of these is usually considered a
negative
impact of consumerism?
higher quality of life
corporate responsibility
creation of jobs
environmental damage
3
When discussing labor unions, what is a
strike?
A new contract
Beating up an employer to send a "message"
Launching a nuclear missile at an employer
A cessation of work until demands are met
4
What do economists study?
patterns of human behaviour across hundreds of years
how dolphins fight
why money goes up and why it goes down
production, distribution and consumption of goods & services
5
Which of these is a result of government laws regarding the environment?(2)
banning of leaded gasoline
emissions standards on vehicles
fixed rates on taxi fares
I can't live this lie; I'll show you where the bodies are
6
BONUS: This type of economy is characterized by local production and consumption for survival.
mixed
planned
market
traditional
7
Which of the following comprises one-third of all North American waste?
food
children's craft supplies
dead goldfish
packaging
8
Which of these is
not
one of the three factors of production?
labour
land
economics
capital
9
This type of economy features both private and public control of production and consumption.
mixed
traditional
planned
market
10
What are labor unions?
organizations of workers that act to protect their interests
coalitions of pregnant mothers who fight for their interests
groups of Italians who murder people to advance their status
"labour onions" spelled wrong
11
Who is factored into the calculation of a country's
unemployment rate?
people who have jobs
young children
retirees
jobless people seeking work
12
In economics, what does it mean to "shift left"?
To kill everyone who disagrees with the government
To increase government involvement in economy
Dude, I don't know. Can't you just give me this one?
To decrease government involvement in economy
13
What is scarcity?
A shortage of goods and services
Money or invested stock
A city full of scars
The study of goods and services
14
Which of these countries is considered to be a
command/planned economy
?
Sweden
Canada
Cuba
United States
15
Which of these is a result of government laws regarding consumer safety?(2)
mandatory seatbelts in automobiles
the delicious flavour of Kentucky Fried Chicken
ingredient lists on frozen pizzas
bilingual labels on paper packages
16
Which of the following would most likely
increase
the price of an item in a market economy? (2)
increased supply
increased demand
decreased demand
decreased supply
17
I'm not going to eat at Little Cesar's Pizza because their food is awful. This is a...
labour union.
strike.
boycott.
bad idea; their food is totally awesome.
18
When an economy "shifts left," it is said to be more...
sensible
liberal
unforgiving
conservative
19
What is
collective bargaining?
using armed force to intimidate a government
All I remember was that eagle eating the Chipmunks.
negotiating as a group
talking a dumb friend into giving you his marble collection
20
How could a producer (e.g. Microsoft) become more
competitive? (2)
decrease quality
increase price
decrease price
increase quality
21
In this type of economy, the government makes all decisions about production and consumption.
planned
traditional
mixed
market
22
The idea that the more people buy, the more jobs will be created and the better life will be.
I played this Kahoot backward and heard the devil's voice
consumerism
liberalism
economics
23
Which of these is an example of consumer brand loyalty?
Drinking Coca-Cola because it's "way cool"
Buying the cheapest toothpaste on the market
Not buying Tide detergent because they raised their price
Not buying Kellogg's cereal because they murder aliens
24
Which economic system has the least inequality?
mixed
planned
market
I've got a blank space, baby, and I'll write your name
25
What is
prosperity?
religious freedom
being happy with who you are
traveling in space
material wealth
26
This type of economy is also known as socialism or communism.
traditional
mixed
market
planned
