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Unit 2: Economic Systems - grade 8 Flashcards | StudBud
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Unit 2: Economic Systems - grade 8
Unit 2: Economic Systems - grade 8
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Grade 8 - UNIT 2 Geograpgy Ontario Curriculum
Flashcards
17 cards
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Practice quiz
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Questions
17
Answers
1
Market Economy is when....
goods produced are based on supply and demand
is when the country grows one type of crop
the government makes full decisions on goods
is when all different types on people have decisions
2
The Economic Systems are....
Market, Command, Traditional, Mixed
Traditional, Primary, Secondary, Market
Market, Command, Mixed, Crowne
System, Market, Buyers, Entrepreneur
3
No government control, consumer choice, competition based....
Market Economy
Command Economy
Traditional Economy
Traditional Economy
4
An example of Primary Industry is....
Packagers
Farmers
Bull Riders
Miners
5
Forestry is an example of ....
Primary Industry
Tertiary Industry
Secondary Industry
Command Industry
6
Some examples of Secondary Industries are... (select all that apply)
Manufacturer
Construction
Retail
Factory
7
Economic Systems is....
the way a country produces, distributes and consumes goods
the way a country depends on their population
the way a country makes their decisions
the way a country decides on currency
8
The Economics Resources are...
land, entrepreneurial, market, mixed economy
entrepreneurial, land, capital, labour
labour, capital, tertiary, land
primary, secondary, tertiary
9
Tertiary Industry is....
Manufacturing a car
Growing corn
The customer
A nurse
10
Ms. Yoo's birthday is in .....
December
November
October
September
11
Command Economy is...
when the government decides and controls the economy.
when supply and demand commands the decisions.
none of the above.
when the country's economy depends on their skills.
12
Traditional Economy....
is when a country meets their needs by buying products
is when a country depends on their taxes to produce goods
is when a country make and grow their own food and goods
is when a country is depending on just one type of resource
13
G.D.P. stands for...
Grot Domestic Product
Growth Domestic Products
Gross Domestic Product
Grand Domestic Products
14
Oil and gas is a ......
economic resource
solar resource
renewable resource
non-renewable resource
15
Canada's Economy is based on a ....
Mixed Economy
Market Economy
Corporation Economy
Secondary Economy
16
In Canada, the government owns and controls some essential services.
Sometimes
False
No.
True
17
Natural Resources come from ...
small offices
factories
environment
small companies
