Economic Indicators

Economic Indicators

6th Grade

13 Qs

quiz-placeholder

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Economic Indicators

Economic Indicators

Assessment

Quiz

Social Studies

6th Grade

Medium

Created by

Brooke Milam

Used 8+ times

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an economic system?

A system that only involves trading goods and services.

A system that defines how a country's economy functions, including production, distribution, and consumption.

A system that only involves the use of money.

A system that only focuses on farming.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a characteristic of a traditional economy?

The government controls all economic activities.

Goods and services are traded without using money.

Prices are determined by supply and demand.

It is also known as a mixed economy.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a command economy, who controls the country's economy?

Private businesses

The government

Individual consumers

International organizations

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is another name for a market economy?

Barter system

Communism

Free Market or Capitalism

Mixed economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system is often associated with communism?

Traditional economy

Command economy

Market economy

Mixed economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a market economy, what determines the prices of goods?

The government

Supply and demand

International trade agreements

Historical prices

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a mixed economy?

An economy where only the government owns businesses.

An economy that combines elements of both market and command economies.

An economy that relies solely on barter.

An economy that does not involve any government intervention.

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