Jane wants to be a scientist, but her family have always been farmers, so she becomes a farmer. What type of economy does this scenario represent?
Economic Systems/Industries

Flashcard
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Social Studies
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6th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Traditional
2.
FLASHCARD QUESTION
Front
Most modern economies today are ______ economies.
Back
mixed
3.
FLASHCARD QUESTION
Front
Economies try to answer these fundamental economic questions: What goods and services are to be produced? How are goods and services to be produced? For whom are goods and services to be produced?
Back
all of these
4.
FLASHCARD QUESTION
Front
In a ___________ economy, decisions about production and consumption are made by the government.
Back
command
5.
FLASHCARD QUESTION
Front
A _________ economy is an economic system in which economic decisions are left up to individual producers and consumers.
Back
Market
6.
FLASHCARD QUESTION
Front
An economic system in which both the government and individuals play important roles in production and consumption is a ____________ economy.
Back
mixed
7.
FLASHCARD QUESTION
Front
The United States is an example of which type of economic system?
Back
Mixed economy
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