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Economics Review Flashcards | StudBud
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Economics Review
Economics Review
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#economics #6thgrade
Flashcards
17 cards
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Practice quiz
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Questions
17
Answers
1
If there is a huge supply of basketballs and no one wants them what will happen to the price?
None of the above
The price will go UP
The price will go down
The price will stay the same
2
Which conclusion about Haiti in 2014 is supported by the population pyramid?
Most of Haiti’s population was of working age.
A large percentage of Haiti’s population was young children.
The majority of Haiti’s citizens are female.
Most people were primarily elderly citizens.
3
A hurricane destroys the oil rigs & refineries on the gulf coast what happens to oil prices?
Oil prices will go DOWN
NONE of the above
Oil prices will go UP
Oil prices will stay the same
4
The image best represents which concept ?
Globalizatoin
Separation of powers
Federalism
Factors of production
5
Poverty, High Unemployment and Ware are examples of what?
Pull Factors
Push factor
Federalism
Culture
6
Canada buys wheat from the US is an example of
Importing goods
Boycotting free trade
Capital
Manufacturing products
7
All of the following are manufacturing jobs except
Police Officer
Teacher
Farmer
NONE are manufacturing jobs
8
Free Enterprise is a (an)
system of government
command system
part of socialism
economic system
9
Airports, Canals, Highways and Rivers are examples of what?
Transportation Corridors
Global Interdependence.
Cultural Regions
Transportation Barriers
10
Which conclusion is supported by the image
There is limited transportation available on farms.
Farming is most productive in urban areas.
This is a rural area with farming and ranching
Urban areas are overcrowded in the United States.
11
Some economic indicators are
Unemployment rate
All of the above
Infant Mortality rate
Literacy rate
12
Global interdependence has increased as a result of advancements in
Federalism
Transportation
Religious beliefs
Literacy rate
13
The aircraft illustration best represents which concept?
Republicanism
Globalization
Communism
Primary Markets
14
Farming and agriculture is a part of which factor of production?
Entrepreneurship
Labor
Capital
Land
15
In Communism the state controls which factors of production?
Land
Separation of Powers
All of the above
Federalism
16
North Korea has what type of economic system?
Communism
Socialism
Democracy
Free Enterprise
17
Prices in a free market are set by
Mr. Silva
The government
The King
The market
