Topic Review: Economic Systems
Quiz by Quizalize - Grade 6 Social Studies
Grade 6
Social Studies (2018)(Archived)
Texas Essential Knowledge and Skills (TEKS)
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20 questions
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- Q1In a pure traditional economy, production and distribution of goods are based on their past customs, practices, and beliefs.FalseTrue30s113.18.7.A
- Q2All of the following are names for a market economy except for _________________.CapitalismFree EnterpriseLaissez-faireQuota vs. Shortages30s113.18.7.B
- Q3A market economy is guided by the concept of supply and demand.TrueFalse30s113.18.7.A
- Q4There are many traditional economies in Europe.FalseTrue30s113.18.7.A
- Q5These two countries have slowly changed from a command economy to a mixed economy.Australia & AmericaRussia & ChinaFinland & CanadaChina & India30s113.18.7.B
- Q6The United States has a mixed economic system that blends elements of the market system and command system together.TrueFalse30s113.18.7.B
- Q7Entrepreneurs and corporations must follow ethical business practices which include all of the following except ...Healthcare for employeesGender discriminationFair wagesOsha guidelines30s113.18.7.C
- Q8Command economic systems are sometimes referred to as a Communist economic system because of its close ties to the type of government it supports.TrueFalse45s113.18.7
- Q9The United Kingdom, the United States, and Germany are examples of a ________________ economic system.MarketCommandTraditionalMixed30s113.18.7.B
- Q10An example of a mixed economic system is where the government makes laws that regulate food preparation to protect citizens from getting sick.FalseTrue30s113.18.7.B
- Q11An economic system must answer 3 basic questions. Which one is not correct?What is the timeline?Who is it made for?How to make it?What to make?30s113.18.7.A
- Q12North Korea is an example of a command economy that controls the supply, demand, and distribution of goods.FalseTrue30s113.18.7.B
- Q13Free enterprise will fail when the pursuit of profit is not held in control. An example of this is the ...High unemploymentMdDonalds in IndiaMarket Crash of 1929 (Great Depression)Lack of competition30s113.18.7.C
- Q14Competition is an important factor in countries that have command economies.TrueFalse30s113.18.7.B
- Q15Capitalism is often criticized for its emphasis placed on profit over quality.FalseTrue30s113.18.7.C
