Chapter 5- Canada's Mixed Economy

25 Questions | Total Attempts: 36

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Economics Quizzes & Trivia

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?
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