Chapter 5- Canada's Mixed Economy

25 Questions | By Allieruiz03 | Updated: Mar 21, 2022 | Attempts: 67

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Questions and Answers

1.

what is a revenue collection?
- A.
  
  Economy
- B.
  
  Industry
- C.
  
  Tax
- D.
  
  A step of the manufacturing system
2.

what are " traditional and market, "traditional and command", market and command"?
- A.
  
  Government
- B.
  
  Industries
- C.
  
  Multiplier effects
- D.
  
  Mixed economies
3.

What headline show the actions of consumers?
- A.
  
  Consumer group claims gasoline overprice
- B.
  
  Police probe store open on holiday
- C.
  
  Telus corporation eyes bell canada for merger
- D.
  
  Imperial oil bids on arctic natural gas
4.

what riding the bus, gitar lessons, buying milk, or mailing a letter clasified as?
- A.
  
  Secondary
- B.
  
  Primary
- C.
  
  Tertiary
- D.
  
  Non-economic
5.

In what year was cheap microchip circuits beginning?
- A.
  
  Late 1990's
- B.
  
  Early 1980's
- C.
  
  Early 1990's
- D.
  
  Late 1980's
6.

What are some raw materials that reach ontario by ship?
- A.
  
  Cars and other transportation
- B.
  
  Bikes and metals
- C.
  
  Food and other products as such
- D.
  
  All of the above
7.

What are new technologies that change primary industry?
- A.
  
  Computerized mining
- B.
  
  Precision farming
- C.
  
  High-tech forestry
- D.
  
  All of the above
8.

Selling a guitar is an example of what industry?
- A.
  
  Primary
- B.
  
  Secondary
- C.
  
  Tertiary
- D.
  
  All of the above
9.

what are the right examples of primary industry?
- A.
  
  Farms, fish, forests,minerals and fossil fuels
- B.
  
  Forests, minerals and chemicals
- C.
  
  Transportation, engeneering
- D.
  
  All of the above
10.

What is the correct order for the manufacturing system?
- A.
  
  Feedback, input,, process, output
- B.
  
  Input, output, feedback, process
- C.
  
  Input, process, output, feedback
- D.
  
  Input, output, process, feedbackk
11.

And industry is work that provides income for people.
- A.
  
  True
- B.
  
  False
12.

A sustainable yield is the amount that can be taken from a natural reasource while reducing the resource's ability to maintain itself
- A.
  
  True
- B.
  
  False
13.

A mixed economy consists of two or more of the same economic systems.
- A.
  
  True
- B.
  
  False
14.

Marketing boards are to improve product quality while ensuring the income of their members
- A.
  
  True
- B.
  
  False
15.

Farms, forests and fish are all examples of secondary industry
- A.
  
  True
- B.
  
  False
16.

A tertiary industry- providing of services, such as customer support, distribution, retailing
- A.
  
  True
- B.
  
  False
17.

The multiplier effect are the effects of spending in a local economy
- A.
  
  True
- B.
  
  False
18.

The government is a very important part of canada's economic system
- A.
  
  True
- B.
  
  False
19.

Outsoursing is sending work to an outside provider, usually to decrease costs.
- A.
  
  True
- B.
  
  False
20.

A primary industry is work based on harvesting natural resources such as animals, crops, tress, or minerals
- A.
  
  True
- B.
  
  False
21.

What are the three types of industries and give one example for each.
22.

How might technology change the economy of Canada in the future?
23.

How does government spending affect you?
24.

How does government revenue collection affect you?
25.

How does the mixed economy work in Canada?