Social 9 Chapter 6 review

When demand and supply meet, the price of the product will reach:

when supply is low and demand is high, what happens to prices?

In poor economic times, _____ are more selective about where they spend their money.

A monopoly is when a company uses this to crush their competition:

in economic terms, what would a tractor be?

When the supply of a product increases and the price decreases what happens to demand? 

in economic terms, what is oil?

In economic terms, a waiter is an example of

Voting and negotiating as a group is an example of:

A principle of market and mixed economies is:

When Governments become more involved in the economy, they shift ____

A farm, the farmer, and the tractor are the factors of:

Carpenters nails are an example of what?

A market economy is on this side of the continuum:

Consumers prefer competition for all of these reasons except one. choose the exception.

This is characterized by fluctuations:

The government will shut down a monopoly for many reasons except for which one?

In a market economy, businesses and industries are:

This was an example of a monopoly:

All economic systems try to solve the problem of:

Why do we start crown corperations? 

An example of a crown corporation in Canada is:

An organization of workers that acts to protect workers rights and interests is called a:

What is the authors opinion about raising the minimum wage?