Duplicata de CIA4U Chapter 2 - Resources & Economies

Question 1

Inflation means

Accepted Answer

Economy is unhealthy

Question 2

All production decisions are made by government or one person. There is reward and punishment.

Accepted Answer

Command

Question 3

What is capital?

Accepted Answer

All of the above

Question 4

Cuba & China are part of

Accepted Answer

Command Economy

Question 5

What is real capital?

Accepted Answer

Goods

Question 6

Which one of the following is not an economic goal?

Accepted Answer

Increased public debt

Question 7

Producers are motivated by profit

Accepted Answer

Capitalism

Question 8

Intregrate the best from 3 economic systems.

Accepted Answer

Mixed

Question 9

Scarce resources are put to efficient and wise use in order to get as much out of them

Accepted Answer

Increased productivity & efficiency

Question 10

First Nations and when people first moved to this land are part of what economy?

Accepted Answer

Traditional

Question 11

Democratic Government

Accepted Answer

Capitalism

Question 12

It's a free market & non democractic government. You can own stuff but gov'ernment dictates.

Accepted Answer

Fascism

Question 13

United States is part of what economy?

Accepted Answer

Market

Question 14

All production and wealth are owned by the government

Accepted Answer

Communism

Question 15

Based on public ownership or control over production

Accepted Answer

Socialism

Question 16

Which is not the cause of economic growth?

Accepted Answer

Increase in unemployment

Question 17

Free enterprise, private property, profit maximization. Consumers determine what is produced.

Accepted Answer

Market

Question 18

You cannot own your own property

Accepted Answer

Communism

Question 19

Which is not a tangible resource

Accepted Answer

Knowledge

Question 20

What type of economy has families responsible for the production.

Accepted Answer

Traditional

Questions 20