Unit 1.4 | European Economy Review

Unit 1.4 | European Economy Review

6th Grade - University

25 Qs

quiz-placeholder

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Unit 1.4 | European Economy Review

Unit 1.4 | European Economy Review

Assessment

Quiz

Other, Social Studies

6th Grade - University

Medium

Created by

Ryan McGuffey

Used 440+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Samuel and Abigail live in a small village where they rely on traditional skills passed down from their ancestors. They rarely use money, instead, they barter goods and services with their fellow villagers, including Benjamin. What type of economic system is this?

traditional

command

mixed

market

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Grace, Evelyn, and Arjun are studying different economic systems. They learned about a system where the government controls the operation of all businesses, goods, and services provided for its citizens. What is this system called?

command

mixed

market

traditional

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this economic system, citizens own and operate businesses and services, and the government has little to no control.

market

command

mixed

traditional

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most economies on earth can be classified under this system in which the government and citizens share responsibility over the goods and services provided.

mixed

command

market

traditional

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When trading, countries often place these restrictions that make the trade more difficult
trade barriers
human capital
command economy
capital

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This occurs when countries or citizens must exchange their money to match that of the host nation. This is done in order to cause less confusion and keep countries' money valuable.
Currency exchange
Trade barriers
Quota
Tariff

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A country's total GDP divided by its population is known as GDP per capita. This is a much more accurate representation of individual citizens' standard of living in a country.

total GDP

GDP growth rate

GDP per capita

literacy rate

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