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