Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
In Canada, the level of government involvement in resource ownership is based on:
In Canada, the level of government involvement in resource ownership is based on:
- The size of the resource
- Historical ownership patterns
- Public demand
- The party in charge (correct)
What is a Crown corporation in Canada?
What is a Crown corporation in Canada?
- A corporation owned by private individuals
- A company owned by the government to provide products and services (correct)
- A corporation owned by multiple political parties
- A corporation owned by foreign investors
In a traditional economy, economic decisions are based on:
In a traditional economy, economic decisions are based on:
- Past practices and ancestral wisdom (correct)
- Market demand
- Government regulations
- Technological advancements
What happens to price when demand decreases and supply increases?
What happens to price when demand decreases and supply increases?
Signup and view all the answers
What is a monopoly in the context of economics?
What is a monopoly in the context of economics?
Signup and view all the answers
In a traditional economy, economic decisions are based on:
In a traditional economy, economic decisions are based on:
Signup and view all the answers
In Canada, the level of government involvement in resource ownership is based on:
In Canada, the level of government involvement in resource ownership is based on:
Signup and view all the answers
What happens to price when demand decreases and supply increases?
What happens to price when demand decreases and supply increases?
Signup and view all the answers
What is a Crown corporation in Canada?
What is a Crown corporation in Canada?
Signup and view all the answers
What is a monopoly in the context of economics?
What is a monopoly in the context of economics?
Signup and view all the answers
Flashcards are hidden until you start studying
