SS 9 Economics Question Preview (ID: 54577)


Outcome 2 Social Studies 9 Alberta Program Of Study. TEACHERS: click here for quick copy question ID numbers.

A movement from a market economy towards a mixed economy is a
a) shift right
b) shift left
c) shift up
d) shift down

China used to have a(n)
a) market economy
b) mixed economy
c) planned economy
d) economic continuum

Supply of a product involves producers. Demand for a product involves
a) price
b) economy
c) markets
d) consumers

Education, health care, and postal services are funded by the government because
a) they are for the public good
b) they are considered essential
c) they are expensive
d) all of the above

Which of the following is a tactic to put on employers to respond to issues that concern workers?
a) strike
b) lay off
c) closure
d) union

A market economist would view a union as
a) contributing to fair economic decision making
b) holding society hostage and pricing workers out of jobs
c) illegal with no economic decision making
d) necessary to maintain order and good government

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) Recession
b) Collective bargaining
c) Labour union
d) general strike

Which of the following is a founding principle of the U.S.?
a) government involvement
b) individualism
c) environmentalism
d) co-operation

Which of the following is a sum of money given to Canadian artists by the government?
a) grant
b) gift
c) retainer
d) mortgage

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
c)
d)

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