Economics

Economics

6th Grade

20 Qs

quiz-placeholder

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Economics

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Geography

6th Grade

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a ______________ economic system, customs and traditions determine what and how to produce

traditional

market

command

mixed

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a ______________ economic system, the government owns resources and controls production, prices, and wages

traditional

market

command

mixed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a consumer?

a person who takes things

a person who purchases goods and services for personal use

a person who takes good away

the economic factors affecting the price, demand, and availability of a commodity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a producer?

a person who gives goods away

things people would like to have

the exchanged of goods and services without the use of money

a person, company, or country that makes grows, or supplies goods for sale

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a free market economy?

An economy based on supply and demand with little or no government control

The international exchange of goods

An economy in which decisions are made by the government

An economy that is communist

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy does the United States have?

traditional

mixed

command

market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy involves trading, and doesn't usually use money?

traditional

command

mixed

market

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