Unit 5 Economic Terms

Unit 5 Economic Terms

6th Grade

10 Qs

quiz-placeholder

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Unit 5 Economic Terms

Unit 5 Economic Terms

Assessment

Quiz

History

6th Grade

Practice Problem

Medium

Created by

Brian Heredia

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic system does the government control what, how, and for whom is produced?

Command economy

Market economy

Mixed economy

Traditional Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic system does the buyers and sellers control what, how, and for whom is produced?

Command economy

Market economy

Mixed economy

Traditional Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic system does the customs and habits of people control what, how, and for whom is produced?

Command economy

Market economy

Mixed economy

Traditional Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There are no pure market or pure command economies. All economies today exist as

Mixed economies

Traditional economies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything that slows or prevents trade between countries is called a

airplane

border wall

free trade agreement

trade barrier

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An embargo is known as

a ban on trade with another country to cause problems with their economy

a limit on the amount of imported goods purchased

a tax on imported goods

a way to increase trade between two countries

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A quota is known as

a ban on trade with another country to cause problems with their economy

a limit on the amount of imported goods purchased

a tax on imported goods

a way to increase trade between two countries

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