

Econ Vocab Test Review
Flashcard
•
Geography
•
6th Grade
•
Practice Problem
•
Hard
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38 questions
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1.
FLASHCARD QUESTION
Front
Characteristics of a traditional economic system:
Back
Built upon traditions, customs, and beliefs.
2.
FLASHCARD QUESTION
Front
Traditional economy depends on:
Back
agriculture, fishing, hunting and gathering
3.
FLASHCARD QUESTION
Front
Description of a free market economy:
Back
Based on supply and demand with minimal government control.
4.
FLASHCARD QUESTION
Front
In a command economy, decisions on production are made by:
Back
the government
5.
FLASHCARD QUESTION
Front
In a command economy, who decides the sale of goods?
Back
government
6.
FLASHCARD QUESTION
Front
Type of economic system with government & private business decisions?
Back
Mixed
7.
FLASHCARD QUESTION
Front
Key measure of economic growth:
Back
GDP
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