European Economic Systems
Flashcard
•
Social Studies
•
6th Grade
•
Hard
Standards-aligned
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10 questions
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1.
FLASHCARD QUESTION
Front
If a country's government is communist, it will have this kind of economic system.
Back
Command economic system
Tags
SS7E7
2.
FLASHCARD QUESTION
Front
Lots of bartering/trading take place in this type of economic system.
Back
traditional economic system
3.
FLASHCARD QUESTION
Front
In a market system, the three economic questions are answered based on this: Supply and demand, Consumer's traditional values.
Back
Supply and demand
Tags
SS7CG1
4.
FLASHCARD QUESTION
Front
Most countries in Europe have this kind of economy that leans closer to a pure market economy than a command economy.
Back
Mixed economy
Tags
SS7E7
5.
FLASHCARD QUESTION
Front
This European country's government controls many of its resources and is very active in the economy.
Back
Russia
Tags
SS7E7
6.
FLASHCARD QUESTION
Front
This European government plays a role in the economy by collecting high taxes to help the poorer citizens. The government also sets the price of some goods and services.
Back
Germany
Tags
SS7E7
7.
FLASHCARD QUESTION
Front
This European country's government plays a very limited role in the country's economic planning.
Back
United Kingdom
Tags
SS7E7
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