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Economic Systems - grade 9 Flashcards | StudBud
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Economic Systems - grade 9
Economic Systems - grade 9
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Grade 8 - UNIT 2 Geograpgy Ontario Curriculum
Flashcards
23 cards
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Practice quiz
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Questions
23
Answers
1
TNC means
trans national company
trans nation company
transnational company
transnational corporation
2
Some examples of Secondary Industries are... (select all that apply)
Factory
Retail
Manufacturer
Construction
3
Natural Resources come from ...
small companies
small offices
environment
factories
4
An example of Primary Industry is....
Bull Riders
Miners
Farmers
Packagers
5
No government control, consumer choice, competition based....
Market Economy
Traditional Economy
Traditional Economy
Command Economy
6
Market Economy is when....
is when the country grows one type of crop
goods produced are based on supply and demand
is when all different types on people have decisions
the government makes full decisions on goods
7
Oil and gas is a ......
economic resource
renewable resource
non-renewable resource
solar resource
8
The Economic Systems are....
Traditional, Primary, Secondary, Market
Market, Command, Mixed, Crowne
Market, Command, Traditional, Mixed
System, Market, Buyers, Entrepreneur
9
Forestry is an example of ....
Command Industry
Primary Industry
Secondary Industry
Tertiary Industry
10
Groups like the EU allow
free movement of capital (money)
free movement of companies
free movement of people
11
Traditional Economy....
is when a country is depending on just one type of resource
is when a country depends on their taxes to produce goods
is when a country meets their needs by buying products
is when a country make and grow their own food and goods
12
Why did the NICs develop so quickly?
really strong leader who got his people to work
transport links, access to markets, cheap labour +government
better people who wanted to work
hard work, strong government and good religion
13
Economic Systems is....
the way a country produces, distributes and consumes goods
the way a country makes their decisions
the way a country depends on their population
the way a country decides on currency
14
The Economics Resources are...
entrepreneurial, land, capital, labour
primary, secondary, tertiary
labour, capital, tertiary, land
land, entrepreneurial, market, mixed economy
15
What is the word for when a country has an extra ability in a certain area?
specialisation
comparative advantage
compound advantage
comparative ability
16
In Germany, the government owns and controls some essential services.
No.
Sometimes
True
False
17
An example of a NIC would be
Taiwan
Russia
North Korea
India
18
Germany's Economy is based on a ....
Market Economy
Mixed Economy
Corporation Economy
Secondary Economy
19
MEDC means
most economically developed country
more economically developed countries
more economic development country
20
Tertiary Industry is....
The customer
Growing corn
Manufacturing a car
A nurse
21
Command Economy is...
none of the above.
when the government decides and controls the economy.
when supply and demand commands the decisions.
when the country's economy depends on their skills.
22
BRIC stands for...
Brazil, Rwanda, Indonesia and Colombia
Britain, Russia, India and Canada
Brazil, Russia, India and Canada
Brazil, Russia, India and China
23
What is happening to many parts of MEDCs as in the USA, Germany and the UK?
deindustrialisation
industrialisation
outsourcing
investment
