Unit 6 Review

Which of the answer choices is not a characteristic of a free market economy?

Which type of economic system does the United States have?

What effect did the merchants have on the region?

the act or process of buying, selling, or exchanging commodities

Which was a capital resource for the Mesopotamians?

a source of supply

the general well-being of individuals and societies

is the act of trading goods or services between two or more parties without the use of money

According to the passage, how did scarcity lead to specialization in Mesopotamia?

West African kingdoms of Ghana, Mali, & Songhai experienced economic prosperity because they

Relationship betweenthe quantitythat producer wishto sell&the quantitythat consumers wish tobuy

The loss of potential gain from other alternatives when one alternative is chosen

They would trade these goods for other goods. This is an example of

In an economic system what are are the people who make and sell your products.

What enduring effect did these rivers have on trade in ancient Mesopotamia?

Why did trading networks like the Silk Road develop?

Which economic activity was the basis for of the wealth & power of the empires of Ghana & Mali?

The wealth and power of Mali's ruler, Mansa Musa, were significant because they contributed to

the shortage of supply unlimited human wants in world of limited resources

If a drought severely reduces the amount of corn available to buy what would happen

Which statement shows how trade routes influenced ancient societies?

are something from nature that people can use such as trees, land water, animals, minerals etc.

Why was this trade also profitable for towns and cities along the route?

There is little or no government control in a _____________ economy

Which was a long-term effect of ancient trade routes?

Between A.D. 800 & 1600, the West African city of Timbuktu became prosperous with trading

Which of the following is NOT a type of economic system?