A mixed economy (Canada) involves:

private ownership and government ownership

Canada's founding economic principle is as follows...

"peace, order, and good government"

What is a labour union?

an organization of workers that protect workers rights

Economics is the study of:

Production, distribution, & consumption of goods & services

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Economic Systems - Ch 6 Review Grade 9

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

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Questions 15

Answers

1
A mixed economy (Canada) involves:
private ownership and government ownership
only private ownership
only government ownership
none of these
2
Because of unions, Canada has labour laws
True
False
3
Canada's founding economic principle is as follows...
"peace of the land, people, and freedom"
"land of wide-open spaces"
"peace, order, and good government"
"life, liberty and the pursuit of happiness"
4
Supply involves...
producers
consumers
5
A market economy (USA) involves
none of these
only government ownership
only private ownership
private ownership and government ownership
6
An example of a crown corporation is?
Petro-Canada
Pizza Hut
Rogers
Microsoft
7
Telus vs. Rogers. vs. Bell is an example of what type of market?
A monopolistic market
A competitive market
A cellphone market
A crown market
8
Demand involves.....
consumers
producers
9
What is a labour union?
an organization that is designed for only American workers
an organization of workers that value unfairness
an organization that is designed for employers
an organization of workers that protect workers rights
10
Demand is about ______ people want
making
what
consuming
producing
11
Scarcity includes which factors of production?
Land, labour, capital
Land, government, food
Capital, population, greed
Labour, agreements, money
12
Strikes are used as a form of ______ for employers
pressure
tests
kindness
agreements
13
Economics is the study of:
Production of goods & services
Distribution of goods & services
Consumption of goods & services
Production, distribution, & consumption of goods & services
14
Supply is about ______ things people want
what
consuming
producing
demanding
15
Collective bargaining is....
not negotiating at all
negotiating by bargaining
negotiating as a group
negotiating as an individual

Economic Systems - Ch 6 Review Grade 9 Flashcards | StudBud