Economics

Economics

7th Grade

20 Qs

quiz-placeholder

Similar activities

Civics - Ls. 8.Market Around Us

Civics - Ls. 8.Market Around Us

7th Grade

19 Qs

Chapter 6 Lesson 1

Chapter 6 Lesson 1

6th - 8th Grade

15 Qs

Civics EOC Flashcard Review 1 TEST

Civics EOC Flashcard Review 1 TEST

7th Grade

20 Qs

CLASS VII :SOCIAL SCIENCE MCQ

CLASS VII :SOCIAL SCIENCE MCQ

7th Grade

20 Qs

Revision Test

Revision Test

7th Grade

20 Qs

Mali and Songhai Empires

Mali and Songhai Empires

7th Grade

20 Qs

Know Your Constitution

Know Your Constitution

6th - 8th Grade

20 Qs

Economics

Economics

Assessment

Quiz

Social Studies

7th Grade

Practice Problem

Hard

Created by

MASHITA MDDESA

Used 25+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. In a ______________ economic system, customs and traditions determine what and how to produce

traditional

market

command

mixed

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. In a ______________ economic system, the government owns resources and controls production, prices, and wages

traditional

market

command

mixed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3. What is a consumer?

a person who takes things

a person who purchases goods and services for personal use

a person who takes good away

the economic factors affecting the price, demand, and availability of a commodity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. What is a producer?

a person, company, or country that makes grows, or supplies goods for sale

things people would like to have

the exchanged of goods and services without the use of money

a person who gives goods away

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5. What is a free market economy?

An economy based on supply and demand with little or no government control

The international exchange of goods

An economy in which decisions are made by the government

An economy that is communist

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6. A farmer would fall under which economic activity?

primary

secondary

tertiary

quarternary

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7. ____________ economic activities add value to raw materials by processing them or changing their form. Ex: wood being made into tables/furniture

primary

secondary

tertiary

quartenary

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?