World geography vocab

World geography vocab

6th Grade

23 Qs

quiz-placeholder

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World geography vocab

World geography vocab

Assessment

Quiz

Other

6th Grade

Practice Problem

Easy

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23 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Market economy

an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.

any place where two or more parties can meet to engage in an economic transaction

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Traditional economy

A system in which tradition and custom control all economic activity.

a type of economic system where supply and demand regulate the economy, rather than government intervention.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Command economy

To govern or direct according to rule.

A system of resource management in which decisions about production and distribution of goods and services are made by a central authority.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mixed economy

to govern another country by yourself.

A system of resource management in which the government supports and regulates enterprise through decisions that affect the marketplace.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Capitalism

A system in which factors of production are privately owned.

An economic system that is commonly known for not working.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Regulate

To control something without following rules.

To regulate an activity or process means to control it, especially by means of rules.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Free enterprise

A system in which private individuals or groups have the right to own property or businesses and make a profit with limited government interference.

To gain everything freely without having to pay for it in any way.

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