6th grade Latin America review of economy

In a manufacturing industry what types of goods would be produced?

We study economics to understand how goods and services are produced, distributed and consumed.

A market economy is also known as a...

What are services?

Most economies are this type.

Name the economy: United States

How can you avoid a surplus?

Choose the correct order of countries from most free to least free based on economic freedom.

The basic questions every economy must ask are...

Choose the correct order of countries from most free economy to least free economy.

The law of supply and demand says that if a item isn't selling...

Type of economy where both government and individuals play an important role.

The main types of economic systems used in the world today...

What is scarcity?

In which economy does the family make decisions. They usually trade or barter. 

What are goods?

factories, knives, and sewing machines are examples of these types of resources.

A good way to raise GDP is by...

In which economy does government decide what goods and services are sold?

Which is NOT a type of industry?

In this economy there is little private ownership.

Doctors, architects, and Kroger employees are examples of these types of resources.

Name the economy: Cuba and North Korea

Put the economic systems in order from least free to most free.

In this economy, consumers have no choice.

In this economy government has little control over what is bought and sold.

Rice, beans, and oil are examples of these types of resources