6th Grade SS Common Assessment Review 2

Front

In which type of Economic System do entrepreneurs have the most freedom to start new businesses?

Back

pure market economy

Front

What type of economy do the United Kingdom, Germany and Russia all have?

Back

mixed economy

Front

What type of economies do the modern states of Germany and Russia have?

Back

mixed economies

Front

What is a characteristic of a pure command economies?

Back

The government controls major industries.

Front

What is a characteristic of pure market economies?

Back

Production decisions are based on supply and demand.

Front

Which type of economic system puts the MOST value on economic decisions made by people in the past? Options: mixed economy, pure market economy, traditional economy, pure command economy

Back

traditional economy

Front

In which type of economic system does the government have the MOST control of the economy? Options: pure market economy, mixed economy, traditional economy, pure command economy

Back

pure command economy

Front

What do countries with command economies base their answers to economic questions on?

Back

what the government wants to produce

Front

People who provide the skills, energy, talent, abilities, and knowledge to produce goods or services.

Back

Human Capital

Front

The value of all goods and services produced in a country in a year

Back

gdp