Different Types of Economies

Different Types of Economies

6th Grade

18 Qs

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Different Types of Economies

Different Types of Economies

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Quiz

Social Studies

6th Grade

Practice Problem

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Created by

Robin Fort

Used 75+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is bartering?

skill, knowledge and education of workers

factories, machines, and technology

one's own country

Trading without using money

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are Capital Good?

factories, machines, and technology

Trading without using money

An economy that is between command and market

Raw materials from Earth

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a command economy?

A pecentage of increase from one year to the next

All economic decisions are made by the government

level of wealth and material comfort a country has

raw material from the earth

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Domestic?

An economy that is between command and market

trading without using money

One's own country

raw material from earth

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are economics?

raw materials from the earth

factories, machine, and technology

The study of how decisions are made about how to distribute resources in order to satisfy our unlimited wants

voluntary exchange of goods and services among people and countries

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an Entrepreneur?

someone who has an idea for a good service and takes the risk of and takes the risk to produce it

development of an increasingly worldwide economy

level of weath and material comfort a country has

raw materials from the earth

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Globalization?

factories, machines, and technology

skills, knowledge, and education of others

raw materials from the earth

development of an increasingly worldwide economy

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