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6th Grade Economic Systems Flashcards | StudBud
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6th Grade Economic Systems
6th Grade Economic Systems
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6th Grade Economic Systems Review
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
An iPad Mini is an example of a ______ ________.
Electronic
Technology
Commercial Production
Consumer Good
2
In which economic system would you find many people engaged in subsistence farming?
Socialist
Traditional
Free Enterprise
Communist
3
How a country meets the needs of the people is known as a(n)__________.
Economy
Government
Law
System
4
China has an economic system that is mixed with Free Enterprise and Communism aka________.
Socialist
Market
Democracy
Traditional
5
The Law of Supply and Demand means that...
People only want products that are in large supply
People only want things that are in demand
price is affected based on the demand and supply of products
People are garaunteed to pay high prices for products
6
A business run in the home is known as a...
Farm
Commercial Industry
Business
Cottage Industry
7
The country of North Korea has a __________ economy.
Socialist
Traditional
Market
Communist
8
In which economic system would you find people that own private property and have choices?
Socialist
Free Enterprise
Communist
Traditional
9
Making a large amount of products to sell to a large number of people is known as...
A bunch of work
Cottage Industry
Commercial Industry
Subsistence Farming
10
What type of economy does the USA have?
Free Enterprise
Socialist
Traditional
Communist
