Economic systems

Economic systems

5th - 6th Grade

20 Qs

quiz-placeholder

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Economic systems

Economic systems

Assessment

Quiz

Social Studies

5th - 6th Grade

Hard

Created by

JUDY KAINER

Used 2+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is economics?

Study of our culture

Study of how people make decisions based on our wants and needs

Study of our limited resources

Study of the government

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are unlimited wants?

things we would like to have

Things we need to survive

Things used to make food

Things used for technology

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of unlimited wants?

Food

Clothing

Shelter

Vacation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are needs?

Study of how people make decisions

Things we would like to have

Things required for survival

The limited resources

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are limited resources?

thing we would like to have

Things required for survival

Non-renewable resources

Government control

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Traditions and customs guide economic decisions is

Traditional economic system

Command economic system

Market economic system

Mixed economic system

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factories are concerned with quotas is

Traditional economic system

Command economic system

Market economic system

Mixed economic system

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