Economics Unit Test

Economics Unit Test

6th - 7th Grade

27 Qs

quiz-placeholder

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Economics Unit Test

Economics Unit Test

Assessment

Quiz

Geography

6th - 7th Grade

Medium

Used 9+ times

FREE Resource

27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The act of trading in one’s country’s money for another country’s money.

scarcity

natural resources

currency exchange

specialization

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

This measurement tells the total value of the goods and services that a country produces each year

traditional economy

Gross Domestic Product (GDP)

mixed economy

quotas

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An economic system in which social roles and cultural determine how goods and services are made, sold, and bought

Traditional Economy

Command Economy

Market Economy

Mixed Economy

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Raw materials that are used to support life and make goods

Capital Resources

Human Resources

Entrepreneur

Natural Resources

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A type of trade barrier in which a government places restrictions on the quantity of goods coming into a country

tariff

quota

embargo

subsidy

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An act of concentrating on a limited number of good or activities so your country does it well

specialization

scarcity

capital resources

human resources

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An economic system that has features of either traditional, command and market systems

market economy

command economy

traditional economy

mixed economy

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