Economic Vocabulary Quiz

Economic Vocabulary Quiz

6th Grade

27 Qs

quiz-placeholder

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Economic Vocabulary Quiz

Economic Vocabulary Quiz

Assessment

Quiz

Social Studies

6th Grade

Easy

Created by

Patricia McGonagle

Used 3+ times

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy is based on customs and habits of the past?

Traditional economy

Command economy

Market economy

Mixed economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of economy are most economic decisions made by government planning groups?

Traditional economy

Command economy

Market economy

Mixed economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of economy are economic decisions made by individuals based on supply and demand?

Traditional economy

Command economy

Market economy

Mixed economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the products a country makes best and that are in demand on the world market called?

Specialization

Trade barriers

Tariffs

Quotas

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy has characteristics of both market and command economic systems?

Traditional economy

Command economy

Market economy

Mixed economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Those products a country makes best and that are in demand on the world market.

Specialize

Trade barriers

Tariffs

Quotas

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is anything that slows down or prevents one country from exchanging goods with another called?

Specialization

Trade barriers

Tariffs

Quotas

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