What is a command economy?

An economy were the government tells every citizen what to do.

What is a traditional economy?

An economy were people do not use money but trade goods and services

The study of decisions people make to meet needs and wants

What is a mixed economy?

An economy were private, public, businesses, and government are combined

What is a presidential government?

a type of government were the president is independent of the legislature

What is a parliamentary government?

Cabinet is formed by the parliament and parliament is the superior organ.

What are trade barriers?

Things that stop, tax, or limit trade on 2 or more countries

What is a market economy?

An economy were a entrepreneur has control over prices and what they make

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6th grade basics of economics

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Questions 13

Answers

1
What is a command economy?
An economy were both private and public businesses are mixed
An economy were a entrepreneur has control over prices and what they make
An economy were people do not use money but trade goods and services
An economy were the government tells every citizen what to do.
2
What is a traditional economy?
An economy were the government tells every citizen what to do.
An economy were both private and public businesses are mixed together
An economy were people do not use money but trade goods and services
An economy where a entrepreneur has control over prices and what they make
3
What are economics?
How money is exchanged when traveling to another country
People who make start a business
The study of decisions people make to meet needs and wants
The way nature works
4
What is a mixed economy?
An economy were private, public, businesses, and government are combined
An economy were people do not use money but trade goods and services
An economy were the government tells every citizen what to do.
An economy were a entrepreneur has control over prices and what they make
5
What is a quota?
A tax on trade
A limit on trade
6
What is a presidential government?
Cabinet is formed by the parliament and parliament is the superior organ.
a type of government were the president is independent of the legislature
7
There more to learn about economics
False
True
8
What type of economy do entrepreneurs take place in?
Mixed economy
Traditional economy
Market economy
Command economy
9
What is a parliamentary government?
a type government in which the president is independent of the legislature.
Cabinet is formed by the parliament and parliament is the superior organ.
10
What is an embargo?
A limit on trade
A tax on trade
A stop on trade
11
What are trade barriers?
Things that stop, tax, or limit trade on 2 or more countries
A wall that separates countries
12
What is a market economy?
An economy were the government tells every citizen what to do.
An economy were a entrepreneur has control over prices and what they make
An economy were people do not use money but trade goods and services
An economy were both private and public businesses are mixed
13
What is a tariff?
A tax on trade
A stop on trade

6th grade basics of economics Flashcards | StudBud