To deal with the problem described in the "equation", societies establish
- governments
- economic systems
- hierarchies
- private businesses
The inventors of the original Apple Computer were Steve Jobs and Stephen Wozniak. One third of the original shares in Apple Corporation were purchased by A.C. Markkula. In 1985, both Jobs and Wozniak left Apple after disputes with the company's managing directors; neither is currently involved with the firm.
The originators of McDonald's and its specialised fast food techniques were Dick and Mac McDonald. Ray Kroc was responsible for expanding the company into a nation wide franchise chain. In 1961 Kroc purchased the rights to the Mcdonald's name and operations from the retiring McDonald brothers.
159.
The passages above support the generalization that
- innovators do not necessarily make effective managers or entrepreneurs.
- innovators take most of the risks and make most of the profits.
- managers and entrepreneurs contribute little to the success of a firm.
- most successful firms begin as franchise operations.
160.
If building the invention is the job of the innovator, building the company is the job of the:
- government
- manager
- labourer
- entrepreneur
207.
The system of agriculture used in Russia in the late 1800's was most similar to the system used
- in the United States during that same period.
- in Britain before the agricultural and industrial revolutions.
- in most of Europe at that time
- in the Canadian west before the arrival of European settlers.
Russification:
The policy of forcing ethnic, linguistic and religious minorities living within Russia to adopt the Russian culture, language and Orthodox religion.
212.
The purpose of Russification was to:
- strengthen the unity and loyalty of the population.
- ensure that every citizen enjoyed equal social opportunities.
- promote revolutionary change in backward areas of the Empire.
- to make the work of government more efficient and effective.
219.
In a true communist society,
- property would be owned by the society as a whole.
- the state would carefully control the actions of citizens.
- each individual would be paid according to how important his/her job is.
- the bourgoise would be forced to give up some of their money to help lower classes.
Economic Policies of Various Soviet Governments
| I. | The 5 Year Plans |
| II. | War Communism |
| III. | Perestroika |
| IV. | New Economic Policy |
251.
The correct chronological (time) order of the policies listed is
- I, II, IV, III
- I, IV, II, III
- II, I, III, IV
- II, IV, I, III
| Industrial Production in Russia / USSR |
| (millions of tonnes) |
| 1913 | 1927 | 1932 | 1937 |
| Oil | 10.5 | 11.9 | 22.7 | 29.1 |
| Coal | 29.8 | 36.1 | 65.6 | 138.6 |
| Steel | 4.4 | 4.1 | 6.0 | 18.1 |
275.
Which of the years shown illustrate the effects of the Five Year Plans on industrial production?
- 1913, 1927, 1932 and 1937
- 1913 and 1927
- 1932 and 1937
- 1937 only
309.
The general economic policies and goals for the Soviet Union were determined by
- the Communist Party.
- Gosplan
- government ministries
- directors of state companies
319.
Soviet consumers who wanted to purchase a good that was in short supply would usually.
- place an order with Gosplan via a local state shop.
- order the product directly from the factory.
- buy the good on the "left" (black market).
- place a request with the local Communist Party office that production of the good be increased.
Gorbachev's Economic Policies, 1987
(The Law on State Enterprises)
- State industries and farms would be given control over salaries, sales, and the purchase of materials and machines.
- Unprofitable factories and farms would be shut down.
- Farms and factories could keep a larger share of their profits and spend them as they saw fit.
- State planners would set quotas after consulting with factory managers.
333.
Which of the policies reflect a movement toward a free market approach to economic decision making:
- I, II, III, IV
- I, II, III
- I, II, IV
- II, III, IV
338.
The main difference between the economic policies of Gobachev and those of Yeltsin was that:
- Yeltsin wanted to move further and faster toward a free market system.
- Yeltsin supported a return to strict central planning.
- Yeltsin wanted to keep state ownership of important industries.
- Yeltsin wanted to move toward a pure communist system.
351.
The Staple Thesis emphasises the importance of which of the following types of industry?
- Primary industry
- Secondary industry
- Tertiary industry
- Quaternary industry
369.
Canada has been described as a "hewer of wood and drawer of water". This phrase refers to:
- the importance of the lumber and hydroelectric industries in the modern Canadian economy.
- the U.S. proposal that Canada divert water to the United States in return for the right to sell lumber products in the American market.
- the tendency of Canada to export raw materials to other countries rather than exporting finished consumer goods.
- the vast amount of trees and water consumed by the pulp and paper industry.
379.
The main difference between robots and conventional industrial machines is that:
- robots can operate at a higher rate of speed and perform more specialised tasks than conventional machines.
- robots are cheaper to buy and maintain than conventional machines.
- robots can be programmed to do a variety of different complex tasks while conventional machine are single purpose.
- robots are much more reliable than conventional machines and can work without human supervision.
402.
The term literacy describes a persons ability to:
- read and write.
- do simple math problems.
- operate a simple machine or computer program.
- adapt to the introduction of new technology.
Many Canadians are writing "living wills" that describe how they would like to be treated should they become so ill that they are incapable of communicating with their family or physicians. The authors of most living wills request that doctors not attempt to prolong their lives by using high technology medicine if there no possibility of recovery from their condition.
405.
The authors of most "living wills" believe that:
- the main goal of medicine should be to extend a person's life span as long as possible.
- technology should be used to improve the quality of life rather than the lifespan.
- many doctors are not adequately trained to use advanced medical technology.
- advanced medical technology is ineffective in prolonging life.
Use the following key to identify the economic systems being described by the statements below.
- Centrally Planned Economy
- Market Economy
- Traditional Economy
- Mixed Economy
416.
This system is sometimes called a command economy because the of the high level of government involvement in economic decision making.
417.
Practised by Canada's First Peoples long before the arrival of Europeans, this system made economic decisions based upon the advice of respected elders.
418.
The operation of this system was first described by a Scottish economist named Adam Smith.
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