Social Studies 9 Unit 2 Review

Question 1

What is another term for a planned economy?

Accepted Answer

Command

Question 2

When does a state of equilibrium occur in the economy?

Accepted Answer

Supply = Demand

Question 3

A shift left on the economic spectrum would mean...

Accepted Answer

MORE government involvement

Question 4

Which of the following is not an example of a social program found in Canada?

Accepted Answer

Supreme Court

Question 5

The best definition for monopoly (in economic terms) is...

Accepted Answer

When one producer controls all supply of a good/service

Question 6

Which economic system does Canada most closely match?

Accepted Answer

Mixed

Question 7

Which of the following terms are not associated with labour unions?

Accepted Answer

Private Property

Question 8

Which of the following is not a marketing technique as discussed in class?

Accepted Answer

Propaganda

Question 9

Why does Alberta have a high level of greenhouse gas emissions?

Accepted Answer

Oil Industry

Question 10

What is the best definition for economics?

Accepted Answer

Production, distribution and consumption of goods/services

Question 11

Which of the following is a cause and not a result of climate change?

Accepted Answer

Increase in greenhouse gas emissions

Question 12

Which of the following is not one of the main factors of production?

Accepted Answer

Equipment

Question 13

Supply and demand tends to drive which economic system the most?

Accepted Answer

Market

Question 14

"When consumers voluntarily abstain from (stop) using a product as a form of activism"

Accepted Answer

Boycott

Question 15

Which of the following is not a tax found in Canada?

Accepted Answer

Lottery Winnings Tax

Question 16

What is the best definition for a crown corporation?

Accepted Answer

Company owned and operated by the Canadian government

Question 17

What form of taxation does Canada implement?

Accepted Answer

Progressive tax rate

Question 18

True or False: Obamacare provided free, universal health care to all citizens.

Accepted Answer

False

Question 19

What is the best definition for climate change?

Accepted Answer

Impacts of the increase in the average global temperature

Question 20

Which of the following is not required to join a political party in Canada?

Accepted Answer

Must not have a criminal record

Question 21

Which American and Canadian parties are most closely matched?

Accepted Answer

Liberal - Democrat

Question 22

Which of the following is the best example of a glittering generality?

Accepted Answer

Red bull gives you wings!

Question 23

Which political party in Canada would support the lowest taxation level?

Accepted Answer

Conservatives

Question 24

Which economic system does the United States most closely match?

Accepted Answer

Market

Question 25

Misrepresenting what you earn to avoid paying income tax is called:

Accepted Answer

Tax Evasion

Question 26

Which political party in the United States would support a higher taxation level?

Accepted Answer

Democrats

Question 27

Another term for the market side of the economy is:

Accepted Answer

Capitalism

Question 28

Which economy is characterized by total government control of the economy?

Accepted Answer

Planned

Question 29

Which of the following is not a key characteristic of the Canadian government?

Accepted Answer

Limited govt involvement

Question 30

What is the most recent legislation passed to limit GHG emissions & global warming?

Accepted Answer

Paris Climate Agreement

Question 31

When does scarcity occur?

Accepted Answer

Demand > Supply

Question 32

The best definition for competition (in economic terms) is...

Accepted Answer

Rivalry among producers to sell the most product

Question 33

The best definition for the term "marketing" is...

Accepted Answer

The ways companies convince consumers to buy their products

Question 34

The RIGHT side of the political spectrum is characterized by:

Accepted Answer

Low Taxes & Low Govt Control

Question 35

Which of the following does not influence consumerism as discussed in class?

Accepted Answer

Age

Social Studies 9 Unit 2 Review

Questions 35

Social Studies 9 Unit 2 Review

Questions 35