Grade 9 Economics Terms Quiz

The number 1 represents

The number 5 represents

How are the three main types of economic systems similar?

The basic economic problem facing all societies is how to

In a planned economy, the use of resources is determined by

Supporters of a market economy would probably favour government policies intended to

In a market economy, which of the following groups has the least important role?

What economic problem is "Canada must deal with the problem of scarce resources" referring to?

The number 3 represents

Which economic feature often results from the use of the other three features?

A person who supports a centrally planned economy would most value

In a mixed economy,economic decisions regarding scarcity and factors of production are made by 

Canada uses what kind of economic system?

A lack of economic competition is the result of a 

In the production of automobiles, the factory and assembly line are examples of

A group that protects workers rights such as wages, hours & working conditions

Privatization, profit motive,and competition are all terms most associated with 

In a model centrally planned economy, the government shows the most concern for

In a free enterprise system, the factors of production are put to best use when controlled by:

The Alberta government decision to privatize vehicle registry services could represent a shift