Economics-R-Us : Vocabulary Group #2

Economics-R-Us : Vocabulary Group #2

6th - 7th Grade

16 Qs

quiz-placeholder

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Economics-R-Us : Vocabulary Group #2

Economics-R-Us : Vocabulary Group #2

Assessment

Quiz

Social Studies

6th - 7th Grade

Easy

CCSS
RI.6.7, RI.7.7, RI.8.7

+2

Standards-aligned

Created by

Jennifer Dawson

Used 14+ times

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are the 3 economic questions?

What to produce? How To Produce? For whom to produce?

Who will produce? Why you produce? How long to produce?

Why to produce? Tell who to produce? Things to produce?

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an embargo?

A tax placed on imports.

A limit placed on imports.

A government blocks all trade with another country.

A government focuses on products that can be produced most efficiently.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a quota?

A tax placed on imports during a given time.

A limit placed on imports during a given time.

A government order to stop all trade.

A focuses on products that can be produced most efficiently.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A trade barrier is meant to

encourage the flow of goods & services between countries

slow or block the flow of goods & services between countries

make people obey the government

require the flow of goods & services between countries

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Purpose: To make imported goods more expensive
Quota
Tariff
Embargo

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Purpose: To hurt a country's economy
Quota
Tariff
Embargo

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Purpose: To prevent too much of a good from entering a country
Quota
Tariff
Embargo

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