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Economy

Authored by Shelby Giddens

6th Grade

CCSS covered

Used 53+ times

Economy
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40 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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Amazon Prime is selling Smencils.  There are only a few packs left and they are very popular.  What will happen to the price?

The price will go up.
The price will go down.

Tags

CCSS.HSF-LE.A.1B

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much of a good or service is available AND how much people want it. (The more people want it, the more they'll pay for it.)

Scarcity

Specialization

Supply and Demand

Standard of Living

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Read the following two statements:
***People want more things than they have money to buy.
***The goods and services a society can produce at any one time are limited.
What problem results from these two conditions? 

Imbalance of Power 
Scarcity
Excessive Wealth
Opportunity Cost

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The four types of economic systems are: 

Traditional, Command, Mixed, & Market
Traditional, Command, Combined, & Market
Communism, Capitalism, Free Market, and Macroeconomics
Microeconomics, Macroeconomics, Individual, and Traditional.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economic system is based on customs and beliefs?

Market
Mixed
Traditional
command

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economic system allows the government to decide what to produce, how to produce and for whom to produce?

Market
Mixed
Command
Traditional

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the economy of the Bushmen of the Kalahari Desert the people follow the examples of their ancestors.  This is what kind of economy? 

Traditional 
Market 
Command 
Centrally planned 

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