SW Week 28: Economic Systems

SW Week 28: Economic Systems

Assessment

Flashcard

Social Studies

4th Grade

Practice Problem

Hard

Created by

Wayground Content

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9 questions

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1.

FLASHCARD QUESTION

Front

A/an __________ system is the way communities and governments organize resources, goods, and services.

Back

economic

2.

FLASHCARD QUESTION

Front

Agriculture is the main factor in what type of economy?

Back

traditional

3.

FLASHCARD QUESTION

Front

When the government controls economic activity, it is called a __________ economy.

Back

command

4.

FLASHCARD QUESTION

Front

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

Back

economic incentive

5.

FLASHCARD QUESTION

Front

An example of a negative economic incentive is a...

Back

fine

6.

FLASHCARD QUESTION

Front

Two partners independently own a business that repairs bicycles. They are an example of what kind of economy? Options: free market, capitalism, command, traditional

Back

capitalism

7.

FLASHCARD QUESTION

Front

The transportation of people in a country depends on bicycles. Two partners are told by the government to repair bicycles for a fixed price. This is an example of a __________ economy.

Back

command

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