What is the definition of a labour union?

an organization of workers that protects workers' rights

What is the definition of scarcity?

a lack of land, labour or capital

Which economic system provides the best quality of life?

it depends on what you value as a citizen

Canada's Immigrant and Refugee Protection Act does NOT...

respect only bilingual, and not multicultural, immigrants

What is a Crown Corporation

a corporation owned by the Canadian government

What is the difference between a mixed and market economy on the economic continuum?

mixed: in middle market: on right

studbud

Chapter 6: Economic Systems

17 termsStudBud Administration276 plays

Grade 9 Social studies, Chapter 6: Economic Systems

Flashcards17 cardsFPractice quizPHost liveL

Questions 17

Answers

1
What is the definition of a labour union?
an organization of workers that protects workers' rights
it protects workers from being abused by their employees
an organization that supports child labour
It is the same as a worker's guild
2
Which economy's founding principle is "peace, order and good governance?
Canada
Mexico
Russia
The United States of America
3
Where is a planned economy on the continuum?
in the very middle
far left
very far left
far right
4
Which economy would be likely to support a filmmaker making a film about their country?
mixed economy
market economy
5
What is "equilibrium"?
a feeling of dizziness
When you know what a question equals
a balance of supply and demand
an unbalance between supply and demand
6
What is the definition of scarcity?
too much land, labour and capital
a lack of land, labour or capital
inflation increases the price of goods and services
a city scarred by disaster
7
What happens when demand goes up?
supply goes down price goes down
supply goes up price goes down
supply goes down price goes up
you run out of stock
8
Which economy is consumer driven?
Planned
Mixed
all of the above
Market
9
Which economy's founding principle is "Life, liberty and the pursuit of happiness" ?
Canada
Mexico
The United States of America
Russia
10
Canada is a ________ economy
planned
market
mixed
random
11
Which economic system provides the best quality of life?
planned economy
market economy
mixed Economy
it depends on what you value as a citizen
12
Which province, as of 2006, had the lowest unemployment rate?
Ottawa
British Columbia
Alberta
Northwest Territories
13
What creates the most scarcity?
Labour
Capital
Land
All of the above
14
In economics, what is the opposite of competition?
scrabble
monopoly
no competition because you're so good
scarcity
15
Canada's Immigrant and Refugee Protection Act does NOT...
offer protection to people who are displaced and persecuted
respect only bilingual, and not multicultural, immigrants
Reunite Families in Canada
none are incorrect
16
What is a Crown Corporation
Burger King
a corporation owned by the Canadian government
a corporation owned by the royal family
A corporation owned by any country's government
17
What is the difference between a mixed and market economy on the economic continuum?
market: on left mixed: on right
mixed: in middle market: on right
mixed: on left market: in middle
mixed: far right market: far left

Chapter 6: Economic Systems Flashcards | StudBud