Unit 2 Economics Test Review

Unit 2 Economics Test Review

6th - 10th Grade

22 Qs

quiz-placeholder

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Unit 2 Economics Test Review

Unit 2 Economics Test Review

Assessment

Quiz

Geography

6th - 10th Grade

Medium

Created by

Tanner Moore

Used 20+ times

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22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A tangible product sold to consumers with physical characteristics.

Service

Good

Producer

Consumer

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An intangible product without any physical characteristics that is an act/action provided by the producer.

Service

Good

Producer

Consumer

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

When a product has a low supply with a high demand then that product is considered to be

Opportunity Cost

Output

Surplus

Scarce

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Most goods and services are considered scarce in the world due to

global warming

the world's population being poor

them not being freely available to everyone

inflation

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An economic system that is primitive, based on customs and traditions, and relies on hunting, fishing, agriculture, and bartering.

Traditional

Command

Market

Mixed

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following would be a society with traditional economics?

USA

North Korea

Tribes and Third World Countries

France

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

When a good or service has a high supply and low demand then that product has a what?

Bad Customer Review Rating

Surplus

Recall

It is still scarce

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