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Duplicate of Economic Systems - Ch 6 Review Grade 9 Flashcards | StudBud

Explore/Duplicate of Economic Systems - Ch 6 Review Grade 9

Duplicate of Economic Systems - Ch 6 Review Grade 9

6 terms·StudBud Administration·46 plays

A review of what we have learned so far! #economics #mixed #market #scarcity, etc!

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Questions 6

Answers

1
A market economy (USA) involves
private ownership and government ownership
only government ownership
none of these
only private ownership
2
Canada's founding economic principle is as follows...
"land of wide-open spaces"
"life, liberty and the pursuit of happiness"
"peace of the land, people, and freedom"
"peace, order, and good government"
3
An economic system that involves a lot of government control is a
Democracy
Mixed Economy
Command Economy
Free Market Economy
4
Economics is the study of:
Consumption of goods & services
Distribution of goods & services
Production of goods & services
Production, distribution, & consumption of goods & services
5
A mixed economy (Canada) involves:
private ownership and government ownership
none of these
only government ownership
only private ownership
6
Scarcity includes which factors of production?
Capital, population, greed
Labour, agreements, money
Land, labour, capital
Land, government, food