Quiz: Tuesday, May 29

1. Income Inequality:• “Income Distribution” Class Notes

– Example: What factors affect wages & salaries?, 10 Causes of Income Inequality, etc.

– Government Anti-Poverty Programs

2. Labour Unions:• Notes & Terminology (example: collective bargaining)3. Canada’s Economic Action Plan (worksheet)4. Personal Spending:• Advertising and Credit Cards• Textbook Questions p. 200-201

Review Questions:

• 1. Name the 5 factors that affect wages & salaries

• 2. What is income inequality? Explain!• 3. What are the 10 causes of Income Inequality?• 4. Define union, collective bargaining,

arbitration, and strike• 5. In the video, “Killer Coca Cola” what is

happening in Colombia?

6. Be able to identify the 7 anti-poverty programs in Canada

• example: employment insurance

7. What are the 4 key priorities of Canada’s Economic Action Plan?8. Name & Explain the different types of

advertising techniques.9. Name 2 advantages and disadvantages of

credit cards to the CONSUMER and to the MERCHANT

10. What is the Canadian Association of Consumers?