Economics Test Review

Economics Test Review

6th Grade

17 Qs

quiz-placeholder

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Economics Test Review

Economics Test Review

Assessment

Quiz

Social Studies

6th Grade

Practice Problem

Medium

Created by

MATTHEW QUINTON

Used 85+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the Factors of Production?

land, money, manufacturing, and workers

labor, capital, supply, and demand

land, labor, capital, and entrepreneurship

entrepreneurship, innovation, natural resources, and money

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a physical item that is produced and can be weighed or measured?

Consumer

Entrepreneur

Services

Goods

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When something is used it, it is _____.

services

consumed

entrepreneur

labor

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Entrepreneurs are always considered part of entrepreneurship and that's why you can say they're included as a part of the factors of production.

True

False

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

There are three questions that we must ask in order to deal with scarcity. They are the reason that economics exist. What are these three questions?


Select all that apply.

What goods and services must be produced?

Why should we produce these goods and services

How will these goods and services be produced?

Who will consume the goods and services?

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which factor(s) of production is/are not present here?

land and labor

capital and entrepreneurship

entrepreneurship

capital

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Someone who works for a company is the best description of

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