Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
SS 9 Economics
Test Description: Outcome 2 Social Studies 9 Alberta Program of Study
Instructions: Answer all questions to get your test result.
1) A movement from a market economy towards a mixed economy is a
A
shift right
B
shift down
C
shift up
D
shift left
2) China used to have a(n)
A
mixed economy
B
planned economy
C
market economy
D
economic continuum
3) Supply of a product involves producers. Demand for a product involves
A
markets
B
economy
C
consumers
D
price
4) Education, health care, and postal services are funded by the government because
A
all of the above
B
they are considered essential
C
they are expensive
D
they are for the public good
5) Which of the following is a tactic to put on employers to respond to issues that concern workers?
A
strike
B
closure
C
lay off
D
union
6) A market economist would view a union as
A
holding society hostage and pricing workers out of jobs
B
illegal with no economic decision making
C
necessary to maintain order and good government
D
contributing to fair economic decision making
7) Which of the following occurs when workers in different sectors of the economy, in a particular place, organize to stop working at the same time?
A
general strike
B
Recession
C
Collective bargaining
D
Labour union
8) Which of the following is a founding principle of the U.S.?
A
government involvement
B
environmentalism
C
co-operation
D
individualism
9) Which of the following is a sum of money given to Canadian artists by the government?
A
gift
B
retainer
C
mortgage
D
grant
10) Competition and monopoly mean the same thing. They both happen when one producer controls all supply of a product or service.
A
True
B
False
11) When money for projects is provided both by the private and public sectors, this best describes a…
A
market economy
B
centrally planned economy
C
mixed economy
D
laissez-faire economy
12) In a market economy system, when a corporation controls nearly all of one type of product or service, that corporation is said to have
A
a diplomacy
B
an assembly line
C
a monopoly
D
a bureaucracy
13) Which of the following is not inherent natural in a market economy?
A
financial security
B
inequality
C
competition
D
consumer demand
14) The quantity of a good that producers are willing to offer for sale at a given price is the (demand / supply) of that good.
A
supply
B
demand
15) Equilibrium price is the price at which the quantity supplied is (greater than / equal to / less than) the quantity demanded.
A
equal
B
greater than
C
less than
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?