6th Grade Economics

A good bought from another country

• Export

• Need

• Import

• Famine

A type of economy where the government has control and ownership of all means of production?

• Free-Market

• Command Economy

• Free-Enterprise

• Mixed Economy

A type of economy, where the government has little or NO ownership over the means of production

• Command economy

• Free-Market

• Communist

• Mixed economy

In a __________ economy, I can change jobs if I want .

• Command Economy

• Mixed economy

• Communist

• Free-Market

The economy where the government owns most, but not all, of the industries and makes most of the economic decisions.

• Limited Government

• Mixed Economy

• Free-Market economy

• Free-enterprise

In a Free-enterprise economy, the consumers help to decide what is produced, how much to make, and who to produce it for.

• True

• False

In a Capitalist economy, the citizens decide on the factors of production.

• True

• False

In this economy, privately owned businesses create goods that people want to buy

• Communist

• Command

• Free-Enterprise

Socialism is an economic system that limits individual ownership

• True

• False

In this type of economy, the government thinks all resources should be shared equally

• Command economy

• Free-enterprise

• Free-market

• Socialist