Economic Terms

Economic Terms

6th - 7th Grade

16 Qs

quiz-placeholder

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Economic Terms

Economic Terms

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History

6th - 7th Grade

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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are tangible objects that satisfy economic wants and needs?

Goods
Services
Market
Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are activities performed by people, firms, or government agencies to satisfy economic wants and needs?

Goods
Services
Market
Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a system for producing, distributing, and consuming goods and services?

Goods
Services
Market
Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who buys and uses goods and services.

Consumer
Producer
Entrepreneur 

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would be a land (natural) resource?

Plastic
Water
Car
Computer

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which would be an example of labor? 

Computer
Cash register
Person mowing the grass
Vacuum 

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are factories, machinery, and technology needed for businesses? 

Capital
Entrepreneurship 
Land
Labor

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