Penultimate Economics QUIZZIZ

Penultimate Economics QUIZZIZ

6th Grade

20 Qs

quiz-placeholder

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Penultimate Economics QUIZZIZ

Penultimate Economics QUIZZIZ

Assessment

Quiz

History, Geography

6th Grade

Medium

Created by

Jen Schumann

Used 30+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which type of economic system would have the most government control dictating what you do for a living and how you can make money?

Traditional economy

Command economy

Mixed economy

Market economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

One advantage of a traditional economy is that

its not as destructive to the environment.

cheap public services are available to everyone from the government.

innovation is rewarded.

government makes sure the economy is always improving.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In a market economy, how is the decision made: "what to produce"?

Businesses rely on the government to tell them what to produce.

Businesses produce what the owners like to produce as a hobby.

Businesses receive government funding to produce what the government wants produced.

Businesses produces the goods the people want.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

One advantage of a mixed economy is

changes in performance of

economy can happen quickly.

its not as destructive to the environment.

there is a large amount of individual freedom.

everyone contributes towards

the production of resources.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In a market economy, those who want to be wealthy _____________________ the economy.

have no effect on

help

hurt

are in charge of

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Expense of what you have to give up when making a choice

demand

supply

opportunity cost

incentive

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Factor that encourages people to behave in a certain way

economics

profit

scarcity

incentive

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