Economics Pre and Post Quiz

Economics Pre and Post Quiz

5th - 8th Grade

25 Qs

quiz-placeholder

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Economics Pre and Post Quiz

Economics Pre and Post Quiz

Assessment

Quiz

5th - 8th Grade

Medium

Created by

Rich Cavanagh

Used 17+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A product of the earth ("gift of nature") that people use to meet their needs is a

good

natural resource

free enterprise

service

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The number limit on how many items of a particular product can be imported from a particular country is the

demand.

quota.

supply.

tariff.

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The economic system of communist countries is most closely related to which of the following:

Command economy.

Market economy.

Traditional economy.

Mixed economy.

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which of the following is NOT one of the basic questons that all economic systems must answer:

What to produce?

How to produce?

How much to produce?

For whom to produce?

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A market economy is very different from command economic system or a traditional system. Which of the following is found in a market economy?

Free labor

Competition between businesses

government control of industry

government control of agriculture

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

In a command economy, economic decisions are made by the

consumers

market

government

producers

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which is an example of human capital

education

roads

factories

machinery

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