Economics vocab

Economics vocab

6th Grade

15 Qs

quiz-placeholder

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Economics vocab

Economics vocab

Assessment

Quiz

Social Studies

6th Grade

Easy

Created by

Meghan Wells

Used 3+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a shortage or lack of supply

demand

scarcity

consume

supply

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the basic economic systems allow government to control most aspects of the economy?

mixed

command

market

traditional

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A __________________ economy is the opposite of a market economy.

free enterprise

free market

capitalist

command

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A __________________ is a combination of command and market economies.

planned economy

mixed economy

monopoly

dynasty

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In a command economy, the government controls goods and services.

true

false

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

People in a market economy choose how they will earn their living.

true

false

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In a market economy, income is determined by ____________________.

technology

government

the marketplace

tradition

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