Europe Economics Flashcard Review

Flashcard
•
Social Studies
•
6th Grade
•
Hard
Wayground Content
FREE Resource
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36 questions
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1.
FLASHCARD QUESTION
Front
Economic system in which roles and jobs are inherited.
Back
traditional economy
2.
FLASHCARD QUESTION
Front
Economic system in which roles and jobs are determined by the government.
Back
command economy
3.
FLASHCARD QUESTION
Front
Economic system in which the citizens dictate what goods and services to sell.
Back
market economy
4.
FLASHCARD QUESTION
Front
Economic system in which supply and demand make prices fluctuate.
Back
market
5.
FLASHCARD QUESTION
Front
Economic system in which the government owns industries and resources.
Back
command
6.
FLASHCARD QUESTION
Front
What type of economy would A represent on the continuum? Options: command, market
Back
command
7.
FLASHCARD QUESTION
Front
What type of economy would B represent on the continuum?
Back
market
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