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Economics Review 7th Grade

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6th - 8th Grade

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Economics Review 7th Grade
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28 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Things that were not made by humans and are found in nature

natural resources
human resources
capital resources
services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the person who comes up with an idea for a good or service?

A Creator
Good
Smart
Entrepenuer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things used to produce a good or service that are not man-made

Items
Things
Goods
Natural Resources

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In the economy of the Bushmen of the Kalahari Desert the people follow the examples of their ancestors.  This is what kind of economy? 

Traditional 
Market 
Command 
Centrally planned 

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The Country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?

Traditional 
Market 
Command 
Centrally Planned 

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The government controls the factors of production in which type of economic system

Command
Mixed
Market
Traditional

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A rural family who has been farming for generations and generally uses only what it produces without much outside help best represents which type of economic system

Traditional
Command
Capitalist
Mixed

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