Unit 1:  Economics, Silk Road and Globalization

Unit 1: Economics, Silk Road and Globalization

7th Grade

19 Qs

quiz-placeholder

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Unit 1:  Economics, Silk Road and Globalization

Unit 1: Economics, Silk Road and Globalization

Assessment

Quiz

Social Studies

7th Grade

Medium

Created by

Melanie Grant

Used 9+ times

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19 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The U.S government has increased its influence on the economy by… Choose all that apply.

imposing taxes.

creating government agencies.

creating laws.

limiting its influence on the economy.

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

A main feature of a traditional system is… Choose two correct answers.

A barter system.

Imposing taxes

Goods produced by families.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a command system, who determines the answer to what, how, and for whom things should be

produced?

Customs and past ways.

Individuals.

Government.

Individuals and government.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a mixed system, who determines the answer to what, how, and for whom things should be

produced?

Customs and past ways.

Individuals.

Government.

Individuals and government.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ___________________ says that as the price of an item goes up, people will buy

less. The law also says that as the price of an item goes down, people will buy more.

Law of Supply

Law of Demand

Law of Competition

None of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the four factors of production?

Land, labor, capital, entrepreneurs

Labor, capital, services, entrepreneurs

Capital, services, land, entrepreneurs

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are examples of capital resources? Choose two correct answers.

Minerals and nutrients

Car Factory

Printing Press

Factory worker

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