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SSW Week 7 Review

Authored by Anonymous Anonymous

Social Studies

5th Grade

Used 3+ times

SSW Week 7 Review
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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ is the main factor in a traditional enconomy.

Manufacturing

Agriculture

Stocks

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Two partners independently own a business that repairs bicycles. This is an example of what kind of economy?

Traditional

Command

Capitalist

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A __________ is an economy where the government places few restrictions on businesses.

traditional system

command system

free-market system

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Traditional economies rely heavily on __________ and __________ to meet the needs of citizens.

farming and agriculture

farming and manufacturing

manufacturing and agriculture

agriculture and services

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A/An __________ __________ is something that is offered to people to help them make a decision about goods and services.

economic system

market system

economic incentive

market incentive

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Someone who creates and funds a business on their own is called __________.

a corporation

an employee

a worker

an entrepreneur

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In capitalism, the __________ determines which businesses are successful and make a profit.

government

market

churches

schools

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Microsoft

Microsoft

Apple

Apple

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Others

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