Economic Systems and Trade Barriers
Quiz
•
Geography, Social Studies
•
6th Grade
•
Medium
Dillon Stuart
Used 274+ times
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16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Producers and consumers determine how to use resources and make goods based on supply and demand in the market, without government interference.
Market Economy
Traditional Economy
Command Economy
Mixed Economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
People use the resources they have to make only what they need to survive.
Market Economy
Traditional Economy
Command Economy
Mixed Economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Most countries in the world have a ___________________ economy.
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Sam loves science and wants to become a doctor but he is learning how to make clay bricks like his father and grandfather.
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which economic system is based on customs and beliefs, people will do the same work as their parents, and the exchange of goods is through bartering (no money)?
Traditional
Command
Market
Mixed
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which economic system does the government make all economic decisions and owns most of the property - it is sometimes called communism?
Traditional
Command
Market
Mixed
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which economic system are all resources privately owned and the producers and consumers answer the three economic questions?
Traditional
Command
Market
Mixed
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