ECONOMICS Review
Flashcard
•
Social Studies
•
6th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview
13 questions
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1.
FLASHCARD QUESTION
Front
A raw material or energy source that replaces itself over time.
Back
Renewable resource
2.
FLASHCARD QUESTION
Front
In what economic system does the government control natural resources, factories, and services?
Back
Command Economy
3.
FLASHCARD QUESTION
Front
Economic systems are classified based on who controls the ...
Back
Factors of Production
4.
FLASHCARD QUESTION
Front
Which economic industry changes raw materials into finished products?
Back
Manufacturing
5.
FLASHCARD QUESTION
Front
Something that comes from the earth and is used to make a product is called ...
Back
Natural Resource
6.
FLASHCARD QUESTION
Front
An economy based on private ownership of business, no government regulation, and consumers freely choose goods and services.
Back
Free Market Economy
7.
FLASHCARD QUESTION
Front
The value of all the goods and services that a country produces in a year.
Back
Gross Domestic Product (GDP)
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