Economic Systems - Types of Economies

Economic Systems - Types of Economies

Assessment

Flashcard

Social Studies

5th Grade

Hard

Created by

Wayground Content

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25 questions

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1.

FLASHCARD QUESTION

Front

Which type of economy is controlled by the government? Options: Command, Market, Mixed, Democratic

Back

Command

2.

FLASHCARD QUESTION

Front

Which type of economy is based on traditions and beliefs?

Back

Traditional

3.

FLASHCARD QUESTION

Front

Which type of economy involves trading, and doesn't usually use money? Options: Command, Traditional, Market, Mixed

Back

Traditional

4.

FLASHCARD QUESTION

Front

Which type of economy has the government making all decisions? Options: Market, Mixed, Traditional, Command

Back

Command

5.

FLASHCARD QUESTION

Front

How many types of economies are there?

Back

4

6.

FLASHCARD QUESTION

Front

Individuals own resources and determine what and how to produce.

Back

market

7.

FLASHCARD QUESTION

Front

If I produce meat but, the government has to check to make sure I can put this product on the market, what economic system is this?

Back

Mixed

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