Intro to Economics
Authored by April Kelso
Social Studies
6th Grade
Used 84+ times
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26 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The way the people around the world have become more connected politically, economically, and socially.
Globalization
International Trade
Opportunity Cost
Specialization
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All economic decisions are made by the government.
Mixed Economy
Command Economy
Market Economy
Traditional Economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sam loves science and wants to become a doctor but he is learning how to make clay bricks like his father and grandfather.
Command Economy
Market Economy
Traditional Economy
Market Economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition of Economics
The study of how people use resources to fulfill unlimited needs and wants.
The manufactured goods used to produce other goods and services.
One who organizes, manages, and assumes the risks of a business or enterprise.
Natural resources present without human intervention.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT a factor of production?
Land
Labor
Capital
Trading
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Elon Musk is the co-founder of Tesla. What is another word for someone who owns and takes on the risk of business?
Land
Entrepreneur
Capital
Labor
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
No government involvement in business.
Command System
Traditional System
Market System
Mixed System
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