Economics

Economics

8th Grade

•

30 Qs

quiz-placeholder

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Economics

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Assessment

Quiz

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History

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8th Grade

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Created by

Mark Prybylski

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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a type of economy?

Farming

Traditional

Command

Market

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something potentially unlimited for human beings

Our desires

Time we can spend

Money we can spend

Natural resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a resource

Scarcity - limitations in all things

Natural resource - trees to make wood and paper

Labor resource - work done by humans

Capital resource - tools to do work with

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the basic economic reality faced by all people, in all places, in all times?

scarcity

unlimited natural resources

new technological developments

command economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system in which government officials make ALL economic decisions.

Command

Market

Traditional

Mixed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT one of the 3 basic economic questions?

When should we produce goods?

What goods should be produced?

How should goods be produced?

Who should receive the produced goods?

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity forces us to...

make choices

create new products

perform research

abandon technology

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