Economics

Economics

6th Grade

14 Qs

quiz-placeholder

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Assessment

Quiz

Geography, History, Other Sciences

6th Grade

Practice Problem

Hard

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In what economic systems do private citizens determine what to produce, how to produce it, and how to market it?

Traditional Economy

Market Economy

Command Economy

Mixed Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In what economic system does the government determine what to produce, how to produce it, and how to market it?

Traditional Economy

Market Economy

Command Economy

Mixed Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total amount of payment received from a consumer for a good or service?

Costs

Profits

Deductions

Revenue

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the general increase in prices over time?

Inflation

Deflation

Stagflation

Hyperinflation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you call the tools and equipment needed to create a good or service?

Capital Resources

Human Resources

Land Resources

Entrepreneurial Ability

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total amount of a good or service available for purchase?

Producer

Consumer

Demand

Supply

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you call someone who makes or provides a good or service for purchase?

Producer

Consumer

Demand

Supply

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