Social Studies Chapter 16

Social Studies Chapter 16

Assessment

Quiz

Created by

Shannon Owen

History

5th - 6th Grade

1 plays

Hard

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21 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything that is produced: goods and services.

Product

Gross Domestic Product (GDP)

Entrepreneur

GDP per capita

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total market value of all final goods and services produced in a country during a single year.

Product

Gross Domestic Product (GDP)

Entrepreneur

GDP per capita

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A risk taking person who starts a new business, introduces a new product, or improves a management technique.

Product

Gross Domestic Product (GDP)

Entrepreneur

GDP per capita

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Gross Domestic Product (GDP) on a per- person basis; GDP divided by population.

Product

Gross Domestic Product (GDP)

Entrepreneur

GDP per capita

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The material well-being of a of an individual, a group, or a nation as measured by how well its needs and wants are satisfied.

Standard of living

Circular flow model

Factor market

Product market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A model showing how goods, services and money flow among sectors and markets in the American economy.

Standard of living

Circular flow model

Factor market

Product market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A market where productive resources are bought and sold.

Standard of living

Circular flow model

Factor market

Product market

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A market where Goods and services are for sale.

Standard of living

Circular flow model

Factor market

Product market

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The increase in a country’s total output of goods and services over time.

Economic growth

Productivity

Specialization

Division of labor

10.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The degree to which resources are being used efficiently to produce goods and services.

Economic growth

Productivity

Specialization

Division of labor

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