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Social Studies
6th
grade
Standard #3: 4 Types of Economies and the Economic Continuum
20 questions
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- Multiple ChoicePlease save your changes before editing any questions.Economic system where government controls everything.MarketCommandMixedFree Enterprise
- Multiple ChoicePlease save your changes before editing any questions.Type of Economy that is half command and half marketTraditionalCommandMarketMixed
- Multiple ChoicePlease save your changes before editing any questions.
Which type of economy allows the government to determine what to produce, how to produce it, and who gets it?
Command Economy
Market Economy
Traditional Economy
- Multiple ChoicePlease save your changes before editing any questions.
Which type of economy allows past customs and family tradition to determine what to produce, how to produce it, and who gets it?
Command Economy
Market Economy
Traditional Economy
- Multiple ChoicePlease save your changes before editing any questions.Trading something for something else - no currency involveddemandbartergoodsmarket
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Producers and consumers determine how to use resources and make goods based on supply and demand in the market, without government interference.
Market Economy
Traditional Economy
Command Economy
Mixed Economy
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Both businesses, consumers and the government influence how resources are used to make goods and services.
Market Economy
Traditional Economy
Command Economy
Mixed Economy
- Multiple ChoicePlease save your changes before editing any questions.Most countries in the world have a ___________________ economy.TraditionalCommandMixedMarket
- Multiple ChoicePlease save your changes before editing any questions.Which economy is not on the economic continuum?MixedTraditionalCommandMarket
- Multiple ChoicePlease save your changes before editing any questions.Sam loves science and wants to become a doctor but he is learning how to make clay bricks like his father and grandfather.Free MarketTraditionalMixedCommand
- Multiple ChoicePlease save your changes before editing any questions.Katia is an accountant in a government run business where she was placed after graduation.CommandTraditionalFree MarketMixed
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The economics continuum shows us –
The command economy’s level of power in government.
The amount of money each country produces in a year.
How much government or individual control is given in a country’s economic system
The total dollar amount of goods and services produced by a country in a single year.
- Multiple ChoicePlease save your changes before editing any questions.
Which economy on the left side of the economic continuum?
Mixed
Traditional
Pure Command
Pure Market
- Multiple ChoicePlease save your changes before editing any questions.
Which economy on the right side of the economic continuum?
Mixed
Traditional
Pure Command
Pure Market
- Multiple ChoicePlease save your changes before editing any questions.Government controls more of the economy but the citizens have some sayMixed CommandMixed MarketTraditoinalUnitary
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Businesses and consumers have more input than the government in the economy
Mixed Command
Mixed Market
Traditional
Unitary
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Which economy is the middle of the economic continuum?
Pure Market
Traditional
Pure Command
Mixed
- Multiple ChoicePlease save your changes before editing any questions.
If China is a 56 on the economic continuum, how would you describe their economy?
mixed-command
mixed-market
- Multiple ChoicePlease save your changes before editing any questions.
If North Korea is a 4 on the economic continuum, how would you describe their economy?
mixed-command
mixed-market
- Multiple ChoicePlease save your changes before editing any questions.
If the United States is a 75 on the economic continuum, how would you describe their economy?
mixed-command
mixed-market