Social 9 Economics

What are examples for land, labour, and capital?

The characteristics below are for what type of economy?

*Resources are publicly owned

*Government makes decisions on how to use resources

*Individual consumers have little influence on economic decision making

• Planned

• Market

• Mixed

• Democracy

What kind of economy does Canada have?

• Planned

• Market

• Mixed

• Democracy

Which if the statements below is a characteristic of a market economy?

• Crown corporations and privately owned businesses play a role in the market.

• Goods and services are distributed equally among members of society.

• Consumers have little influence on decisions made by businesses.

• Government promotes inequalities of wealth among individuals.

When talking about supply and demand, if the demand decreases for a product, how are supply and price affected?

• Supply increase, price decreases

• Supply decreases, price decreases

• Supply increases, price increases

• Supply decreases, price increases

What is a labour union?

Which one below is a marketing technique?

• Bandwagon Effect

• Celebrity Appeal

• Identity Appeal

• Environmental Appeal

A decision by consumers to stop buying a product or service in order to bring about change is called a (a)  

List one of the factors that influence our consumer decisions.

(a)  

Do you think that consumers are in control of the market place?

• Yes

• No