Economic Understanding Quiz 1

Economic Understanding Quiz 1

5th - 6th Grade

15 Qs

quiz-placeholder

Similar activities

EL BICENTENARIO DEL PERÚ

EL BICENTENARIO DEL PERÚ

5th Grade

14 Qs

Canada's Government and Types of Governments

Canada's Government and Types of Governments

6th Grade

17 Qs

Keselamatan dan Kesehatan Kerja

Keselamatan dan Kesehatan Kerja

6th Grade

20 Qs

Ai nhanh hơn

Ai nhanh hơn

6th Grade

10 Qs

Tuğrulbey Ort. 5. sınıflar 2. online bilgi yarışması

Tuğrulbey Ort. 5. sınıflar 2. online bilgi yarışması

5th Grade

20 Qs

LỚP 5/6_ÔN TẬP LỊCH SỬ-ĐỊA LÍ

LỚP 5/6_ÔN TẬP LỊCH SỬ-ĐỊA LÍ

5th Grade

15 Qs

only SMART people

only SMART people

KG - 9th Grade

11 Qs

Aztec or Inca

Aztec or Inca

6th Grade

10 Qs

Economic Understanding Quiz 1

Economic Understanding Quiz 1

Assessment

Quiz

History, Geography

5th - 6th Grade

Hard

Used 42+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most common economic system today is:

Command
Market
Mixed
Traditional

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This economic system has government controlling what is produced and how it is produced.

Command
Market
Mixed
Traditional

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic system does the supply and demand determine what is sold and how much it will cost.

Command
Market
Mixed
Traditional

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People make what they need to survive and the exchanging of goods and services do not require money:

Command
Market
Mixed
Traditional

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the 3  basic economic questions all economic systems must answer?

when to, why to, and how long to produce
to what extent, how much, why to produce
what to, how to, and for whom to produce the goods
what to, why to, and how much to produce

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is trade?

voluntary exchange of goods and services among people and countries
involuntary exchange of goods and services
goods and services
goods and services for people only

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a trade barrier?

When a trade is stopped by a country
The limitation of trade with other countries by a country
Unlimited trade with other countries
No trade with other countries

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?