Economics
Flashcard
•
Social Studies
•
6th Grade
•
Practice Problem
•
Hard
Wayground Content
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19 questions
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1.
FLASHCARD QUESTION
Front
the study of how nations spend money, make money, make things and save money.
Back
Economics
2.
FLASHCARD QUESTION
Front
In what type of economy does the government make all the economic decisions? Options: Communism, Free Enterprise, Socialism, Traditional
Back
Communism
3.
FLASHCARD QUESTION
Front
In which type of economy does the government manage some businesses & industries?
Back
Socialism
4.
FLASHCARD QUESTION
Front
A person who makes a product in the product market is called ___________________.
Back
Producer
5.
FLASHCARD QUESTION
Front
A person who purchases a product is called a ________________________.
Back
Consumer
6.
FLASHCARD QUESTION
Front
There is a big concert event in your town and everyone wants to go. There is a ____________ of tickets.
Back
Scarcity
7.
FLASHCARD QUESTION
Front
Which of the following is a good? cutting grass, car wash, food, restaurant
Back
food
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