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Let's Review: South American Economic Systems

Authored by T KOABS

Social Studies

6th Grade

Used 1+ times

Let's Review: South American Economic Systems
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57 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is one of the three questions that every country must answer when developing its economic plan?

What goods/services will be produced?

How will taxes be collected?

What is the population size?

Who will be the leader?

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the three questions that every country must answer when developing its economic plan?

How will goods/services be produced?

Who will consume the goods/services?

What goods/services will be produced?

How will the government be elected?

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The way a country answers the three economic questions determines what kind of ________ it will have.

economic system

government

currency

language

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a type of economic system mentioned in the review?

Traditional

Command

Market

Democratic

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a Traditional Economy, all economic decisions are based on which of the following?

Government policies

Customs, traditions, and beliefs of the past

Modern technology

Market trends

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a Traditional Economy, people will make what they always made and do the same things their ______ did.

parents

friends

neighbors

teachers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is bartering in a Traditional Economy?

Trading using money

Trading without using money

Saving goods for future use

Selling goods online

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