WMS Economics Unit 1 Pretest

WMS Economics Unit 1 Pretest

7th - 8th Grade

25 Qs

quiz-placeholder

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WMS Economics Unit 1 Pretest

WMS Economics Unit 1 Pretest

Assessment

Quiz

7th - 8th Grade

Medium

Created by

Thapelo Haughton

Used 9+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The study of how people or countries manage their limited resources by producing, exchanging, and using goods.

Embargo

Economics

Export

Import

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic system in which economics decisions are made on the basis of customs, beliefs and habits.

Market Economy

Traditional Economy

Natural Resource

Human Capital

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic system in the in the government makes economics decisions.

Command Economy

Economics

Market Economy

Mixed Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic system in which business owners and consumers make economic decisions.

Mixed Economy

Traditional Economy

GDP

Market Economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic system in which people and government play role in economic decisions.

Market Economy

Capital Goods

Mixed Economy

Exchange Rate

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In economics, concentrating on one area of work.

Specialization

Tariff

Trade

Quota

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any restriction that makes trade difficult or impossible.

Tariff

Trade

Trade Barriers

Export

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