Grade 9 Economics (Chapter 6)

A consumer is...

• A person who sells products.

• A person who buys products and services.

• A person who owns a business.

• A person who buys no products.

Demand is how much a product or service is

What's best for society as a whole is called

• Canadian Society of Benefits

• Public Safety

• Good for Society

• Public Good

Economics is the study of...

• Production, distribution, and consumption of goods and services.

• Production, and selling of food and money.

• Distributing resources and land.

• Consuming, Producing, and Distributing land, and resources.

Scarcity is...

• the idea that land, labour, and capital limit the supply of what people want and need.

• the idea that resources will run out.

• the idea that there are to many people for food.

Pick any publicly owned service.

• Healthcare

• Grocery stores

• Insurance

• Public Schools

• All Schools

The Conservative Party wants less government control. This is called

A shift left means there is...

• More government control

• Less taxes

• Less government control

• More private businesses

Economy is defined as

• The resources and process involved in the production, distribution, and consumption of goods and services.

• The process of distributing goods.

• The process of consuming and producing services.

• The process of buying and selling goods and services within the government of Canada.

The products and services created by producers is called...

• Demand

• Food

• Services

• Supply