Module 5 Practice Quiz (Geo)

Module 5 Practice Quiz (Geo)

5th - 6th Grade

17 Qs

quiz-placeholder

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Module 5 Practice Quiz (Geo)

Module 5 Practice Quiz (Geo)

Assessment

Quiz

Social Studies, Geography

5th - 6th Grade

Medium

Created by

Kyle Nielsen

Used 4+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is the main incentive for people to start a business?

Profit

Opportunity Costs

Scarcity

Labor

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

raw materials needed to produce goods

natural resources

financial capital

capital

labor

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

human time, effort, skills, and talent needed to produce goods

natural resources

financial capital

capital

labor

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

money that a business uses to buy the items needed for the business to function

natural resources

financial capital

capital

labor

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

items such as tools, machines, factories, and office equipment needed for a business to function

natural resources

financial capital

capital

labor

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following scenarios accurately illustrates the concept of economic interdependence?

An entrepreneur decides to open a bakery and produces bread for the neighborhood.

Good rainfall allows a farmer to produce more strawberries and he chooses to expand his business.

Japan lacks iron to make steel, so Japan enters into a trading relationship with Australia and Brazil, who supply Japan with iron ore.

South Africa is rich in diamonds, gold, and mineral resources, so South Africa creates a mining industry that produces much wealth.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A farmer sells milk produced from dairy cows. This is an example of the ________ industry.

agricultural

retail

manufacturing

wholesale

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