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Duplicate of Economic Systems - Ch 6 Review Grade 9 Flashcards | StudBud

Explore/Duplicate of Economic Systems - Ch 6 Review Grade 9

Duplicate of Economic Systems - Ch 6 Review Grade 9

13 terms·StudBud Administration·124 plays

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

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Questions 13

Answers

1
Collective bargaining is....
not negotiating at all
negotiating as an individual
negotiating as a group
negotiating by bargaining
2
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
3
An example of a crown corporation is?
Petro-Canada
Rogers
Microsoft
Pizza Hut
4
A mixed economy (Canada) involves:
none of these
private ownership and government ownership
only private ownership
only government ownership
5
Demand involves.....
producers
consumers
6
Because of unions, Canada has labour laws
True
False
7
Demand is about ______ people want
producing
making
consuming
what
8
A market economy (USA) involves
only government ownership
only private ownership
none of these
private ownership and government ownership
9
Scarcity includes which factors of production?
Land, labour, capital
Land, government, food
Labour, agreements, money
Capital, population, greed
10
Supply involves...
consumers
producers
11
Strikes are used as a form of ______ for employers
pressure
tests
agreements
kindness
12
Economics is the study of:
Production of goods & services
Distribution of goods & services
Consumption of goods & services
Production, distribution, & consumption of goods & services
13
Supply is about ______ things people want
producing
consuming
what
demanding