Characteristics of Economic Systems

Characteristics of Economic Systems

Assessment

Flashcard

Social Studies

6th Grade

Hard

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20 questions

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1.

FLASHCARD QUESTION

Front

Based on individual choice and voluntary trade

Back

Market

2.

FLASHCARD QUESTION

Front

Encourages competition between businesses

Back

Market

3.

FLASHCARD QUESTION

Front

Customs have been passed down through generations

Back

Traditional

4.

FLASHCARD QUESTION

Front

Government leaders answer the three basic economic questions.

Back

Command

5.

FLASHCARD QUESTION

Front

Bartering (Trading) for goods replaces the need for currency (money)

Back

Traditional

6.

FLASHCARD QUESTION

Front

Businesses are privately owned by the people. What type of economy does this describe?

Back

Market

7.

FLASHCARD QUESTION

Front

Social roles and customs determine how goods are made, sold, and bought. What type of economy does this describe? Options: Command, Market, Traditional, Democracy

Back

Traditional

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