U.S. Economy Quiz

U.S. Economy Quiz

6th - 8th Grade

20 Qs

quiz-placeholder

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U.S. Economy Quiz

U.S. Economy Quiz

Assessment

Quiz

History

6th - 8th Grade

Practice Problem

Medium

Created by

Valerie Staton

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

The image provided is an example of what?

Proprietorship
Partnership
Entrepreneur
Corporation

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

The point where the supply and demand curves intersect determines what?

Consumption
Supply
Price
Production

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

What is the opportunity cost of going to the movies?

Value of the computer game.
Price of the movie tickets.
Time of buying the computer game.
Enjoyment of seeing the movies.

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Most countries today have which type of economic system?

Mixed
Market
Traditional
Command

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which economic system has the least amount of government involvement in decision making?

Mixed
Market
Command
Traditional

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

_________________ results in lower prices and better quality goods and services.

Consumer Sovereignty
Private Property
Profit
Competition

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

What kind of business is best described by these statements?

Corporation
Partnership
Proprietorship
Entrepreneur

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