Economics Vocabulary 6th Grade

Quiz
•
Social Studies
•
5th - 7th Grade
•
Medium
Anslee Broome
Used 67+ times
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24 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
5 mins • 1 pt
Which of the following characteristics describes a traditional economy? (Pick 2)
Individuals follow the occupation of their ancestors
People attain goods and services through bartering
This is the economic system for most democratic nations
Individuals are constantly introducing new ideas and change
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which of the following answers does not match with the economic term: "Natural Resource"
A product of the earth that people use to meet their needs
Trees, air, soil and minerals
The presence of this resource saves your country money
None of the above
3.
FILL IN THE BLANK QUESTION
5 mins • 1 pt
A __ __ __ __ __ is a number limit on how many items of a particular product can be imported from another country.
4.
FILL IN THE BLANK QUESTION
5 mins • 1 pt
In a command economy, all economic decisions are made by the
__ __ __ __ __ __ __ __ __ __.
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
True or False:
A physical trade barrier is a natural barrier that makes it more difficult for country to trade goods and services.
True
False
6.
FILL IN THE BLANK QUESTION
5 mins • 1 pt
If a country has a high literacy rate they will most likely have a __ __ __ __ standard of living.
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
If you live in a country with a communist government, your economic system is most likely
Market
Traditional
Command
All of the above
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