Gov't, Economy and Trade Barriers
Authored by Duran Collins
Geography
6th - 7th Grade
Used 67+ times
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77 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An economy in which most of the economic decisions that are made are based on customs and on the habit of how auch decisions were made in the past.
Traditional
Command
Market
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Government planning groups make the basic economic decisions such as which goods and services to produce, prices, and wage rates.
Traditional
Command
Market
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An economy in which changes in prices guide what and how goods and services will be produced, distributed, and consumed
Traditional
Command
Market
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An economic system in which decisions are all made on the basis of customs, beliefs, religion and habits.
Traditional
Command
Market
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Sometimes called Free Enterprise which allows for private ownership of businesses and property
Traditional
Command
Market
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Each member of society knows in early life what her or his role will be because jobs are handed down from generation to generation
Traditional
Command
Market
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The government owns the things needed to make products.
Traditional
Command
Market
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