Economics Vocabulary Quiz  Terms #11-20

Economics Vocabulary Quiz Terms #11-20

6th - 7th Grade

10 Qs

quiz-placeholder

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Economics Vocabulary Quiz  Terms #11-20

Economics Vocabulary Quiz Terms #11-20

Assessment

Quiz

Geography

6th - 7th Grade

Easy

Created by

Nancy Probst

Used 39+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economy in which most of the economic decisions are based on customs and habits of the past.

traditional economy
command economy
market economy
mixed economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economy in which a society's economic decisions are made by individuals who decide what to produce and what to buy.

traditional economy
command economy
market economy
mixed economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economy that has characteristics of both market and command economic systems

traditional economy
command economy
market economy
mixed economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Those products a country makes best and that are in demand on the world market.

capital goods

specialization

natural resources

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything that slows down or prevents one country from exchanging goods with another.

trade barriers
entrepreneurs
bartering

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A tax placed on goods when they imported into one country from another country.

tariff
quota
embargo

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A way of limiting the amount of foreign goods that can come into a country.

tariff
quota
embargo

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