Economic Systems for WMS

Economic Systems for WMS

6th Grade

25 Qs

quiz-placeholder

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Economic Systems for WMS

Economic Systems for WMS

Assessment

Quiz

Geography

6th Grade

Easy

Created by

Kathy Fincher

Used 16+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

No government involvement is a characteristic of which Economic system?

Traditional

Command

Market

Mixed Market

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A product of the earth (gifts of nature) people use to meet their needs is a

quota

natural resource

economic system

trade barrier

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A limit on the number of items of a particular product that can be imported into a country is known as

tariff

supply

quota

embargo

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a country was communist it would have this type of economic system.

Traditional

Mixed Market

Market

Command

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is not a basic question a country must answer to determine what economic system they have.

What to produce?

How to produce?

How much to produce?

For whom to produce?

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which trade barrier sets up a complete ban on trading between countries?

Tariff

embargo

quota

scarcity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are goods and services exchanged in a traditional society?

scarcity

credit cards

government regulation

bartering

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