
Economics Flashcard
Flashcard
•
Social Studies
•
6th Grade
•
Practice Problem
•
Hard
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12 questions
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1.
FLASHCARD QUESTION
Front
What term describes the buildings and machines needed to make goods and provide services?
Back
Capital Resources
2.
FLASHCARD QUESTION
Front
What is anything that can be manufactured or grown called?
Back
Goods
3.
FLASHCARD QUESTION
Front
What is something done for others in exchange for money?
Back
Services
4.
FLASHCARD QUESTION
Front
What is the study of how things are made, bought, sold, and used?
Back
Economics
5.
FLASHCARD QUESTION
Front
What term refers to the total value (in dollars) of all goods and services?
Back
Gross Domestic Product
6.
FLASHCARD QUESTION
Front
What is the term for a system where the government controls production and distribution with no competition?
Back
Command Economy
7.
FLASHCARD QUESTION
Front
What is the quality of life based on the availability of goods and services called?
Back
Standard of Living
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