This is a social studies quiz about economic systems based on chapter 7 of NYS Social Studies Coach Grade 5.
An economy based on private ownership of businesses, supply/demand production, advanced technolgy, and competition.
An economy based on bartering, and haggling.
An economy based on families, local communities, and government.
An economy like China's.
None of the above
B and D
The US has more natural resources than Europe.
A customer in Australia has wheaties for breakfast with sugar made in Cuba.
Nations rely on each other to provide products and services
B and C above
None of the above.
Like the Cuba's economy..
One in which the government makes all economic decisions.
Like the US economy.
One which private businesses flourish.
.A and B above
Here's an interesting quiz for you.