Economics

Economics

Assessment

Flashcard

History, Social Studies

5th - 7th Grade

Hard

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15 questions

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1.

FLASHCARD QUESTION

Front

Buyers and sellers make the decisions. Options: Traditional, Communist, Free Enterprise System, Socialist

Back

Free Enterprise System

2.

FLASHCARD QUESTION

Front

Supply and demand determines how much an item costs. What system does this describe? Options: Traditional, Communist, Free Enterprise System, Socialist

Back

Free Enterprise System

3.

FLASHCARD QUESTION

Front

Which type of economy is based on traditions and beliefs? Options: Command, Market, Traditional, Mixed

Back

Traditional

4.

FLASHCARD QUESTION

Front

Which type of economy is usually paired with a Communist government? Options: Mixed, Market, Command, Traditional

Back

Command

5.

FLASHCARD QUESTION

Front

Which type of economy is run by the businesses & business owners?

Back

Market

6.

FLASHCARD QUESTION

Front

What type of economy does the USA have? Options: Mixed, Market, Command, Traditional

Back

Market

7.

FLASHCARD QUESTION

Front

Types of shelter, language and entertainment are all examples of what?

Back

culture traits

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