Economics Vocabulary 6th Grade

Economics Vocabulary 6th Grade

5th - 7th Grade

24 Qs

quiz-placeholder

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Economics Vocabulary 6th Grade

Economics Vocabulary 6th Grade

Assessment

Quiz

Social Studies

5th - 7th Grade

Practice Problem

Medium

Created by

Anslee Broome

Used 67+ times

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24 questions

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1.

MULTIPLE SELECT QUESTION

5 mins • 1 pt

Which of the following characteristics describes a traditional economy? (Pick 2)

Individuals follow the occupation of their ancestors

People attain goods and services through bartering

This is the economic system for most democratic nations

Individuals are constantly introducing new ideas and change

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which of the following answers does not match with the economic term: "Natural Resource"

A product of the earth that people use to meet their needs

Trees, air, soil and minerals

The presence of this resource saves your country money

None of the above

3.

FILL IN THE BLANK QUESTION

5 mins • 1 pt

A __ __ __ __ __ is a number limit on how many items of a particular product can be imported from another country.

4.

FILL IN THE BLANK QUESTION

5 mins • 1 pt

In a command economy, all economic decisions are made by the

__ __ __ __ __ __ __ __ __ __.

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

True or False:

A physical trade barrier is a natural barrier that makes it more difficult for country to trade goods and services.

True

False

6.

FILL IN THE BLANK QUESTION

5 mins • 1 pt

If a country has a high literacy rate they will most likely have a __ __ __ __ standard of living.

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

If you live in a country with a communist government, your economic system is most likely

Market

Traditional

Command

All of the above

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