Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

6th Grade Economics

6th Grade Economics - Tinsley

TermDefinition
Traditional Economy Traditions and customs passed down from one generation to another help make all economic decisions. Bartering plays a role in this economic system.
Command Economy An economic system where all of the economic decisions are made by the government or a central authority
Market Economy An economic system where all of the economic decisions are made by private businesses and consumers. Supply and Demand plays a role in creation of products and the buying of those products.
Mixed Economy An economic system where private business and consumers make the economic decisions but with government playing a role in regulating some of those decisions.
The Three Economic Questions What to produce, How to produce, For whom to produce
The three trade barriers Tariff, Quota, Embargo
Embargo A ban on trade
Tariff A tax on trade
Quota A limit in quantity on trade
Four Factors of Production Capital Goods, Natural Resources, Human Capital, Entrepreneurship
Capital Goods All of the goods that are produced in the country and then used to make other goods & services.
Natural Resources "Gifts of the Earth" These are resources that come from nature.
Human Capital All of the skills, talents, education, and abilities that human workers possess
Entrepreneur A person in a market economy that risk their own resources to start a business.
Created by: user-1721660
Popular Social Studies sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards