Economies of Europe

Economies of Europe

Assessment

Flashcard

Social Studies

6th Grade

Hard

Created by

Wayground Content

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

Which is not one of the three economic questions that every country must answer? Options: What to produce?, How to produce?, For who to produce?, How to consume?

Back

How to consume?

2.

FLASHCARD QUESTION

Front

Why do countries specialize?

Back

Because no country has all of the resources necessary to produce all the good its people need.

3.

FLASHCARD QUESTION

Front

How does a command economic system answer the 3 economic questions?

Back

Government makes all decisions.

4.

FLASHCARD QUESTION

Front

What type of economic systems are mostly found in Europe?

Back

Most of them are primarily market economies with elements of command economies.

5.

FLASHCARD QUESTION

Front

What type of economic system is found in Russia?

Back

Mixed, moving away from command since 1991

6.

FLASHCARD QUESTION

Front

How do investments in human capital help improve a nation's economy?

Back

by improving the job skills of the population

7.

FLASHCARD QUESTION

Front

In a market economy, economic decisions are based on

Back

Supply and Demand

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