Economics Quiz

Economics Quiz

6th Grade

24 Qs

quiz-placeholder

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Economics Quiz

Economics Quiz

Assessment

Quiz

6th Grade

Medium

Created by

Autumn Lewis

Used 11+ times

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24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Products shipped from the United States to other countries around the world are called

imports

exports

services

needs

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

In which economic system is property collectively owned by the tribe or community?

Traditional Economy

Command Economy

Market Economy

Mixed Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the characteristics of a traditional economic system?

Relies on government

Driven by consumers

built upon traditions, customs, and beliefs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy is controlled by the government?

Command
Market
Mixed
Democratic

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is one disadvantage of a Command Economy?

There is lack of freedom and opportunity

Lower standard of living

Does not produce enough public goods

Workers and businesses face uncertainty as a result of competition and change.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Type of Economy that is half command and half market

Traditional
Command
Market 
Mixed

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of economy do individual buyers and sellers interact in the marketplace to exchange goods and services?

feudalism
mercantilism
market economy
command economy

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