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Economics Quiz Review

Authored by MICHELLE HUDDLESTON

Geography

6th - 7th Grade

Used 1+ times

Economics Quiz Review
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the "making, buying and selling of goods and services"?

Economics

Factors of Production

Free Enterprise

Entrepreneurship

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is "limited resources" mostly because people want more than what is available?

deficit

surplus

scarcity

debt

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the goods produced in a country that are used to produce other goods/services?

natural resources

capital resources

human resources

supply and demand

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is "the total value of all the goods and services produced in a country for one year"?

Command Economy

Market Economy

Free Enterprise

Gross Domestic Product

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are "skills, talents, and education that workers possess; the value people bring to the workplace"?

natural resources

capital resources

human resources

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is "the % of a country's population over age 15 who can read and write"?

standard of living

human resources

education standards

literacy rate

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Standard of Living is often ________ in countries where the literacy rate is high?

higher

lower

not affected

unmeasureable

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