Civics Chapter 16- Lesson 1

Civics Chapter 16- Lesson 1

7th Grade

10 Qs

quiz-placeholder

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Civics Chapter 16- Lesson 1

Civics Chapter 16- Lesson 1

Assessment

Quiz

Social Studies

7th Grade

Practice Problem

Medium

Created by

Shelia Seale

Used 102+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of resource is a factory building?

capital resource

intermediate resource

human resource

natural resource

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity is the basic economic problem because

all expensive goods cannot be shared equally.

all resources are limited, but wants are not.

nations must spend money for resources they do not have.

people face shortages on a seasonal basis.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are nations similar to individuals in regard to economics?

Nations do not have to pay for public goods and services.

Nations focus on producing private goods and services.

Nations must make choices about limited resources.

Nations must pay taxes.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three economic questions all societies must answer?

what, how, and for whom to produce

when, where, and how to produce

where, why, and how many to produce

why, what, and where to produce

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which system are economic decisions made based upon price?

market economy

command economy

communist economy

traditional economy

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

market economy- Individuals and businesses own the resources used to produce goods and services.

true

false

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

traditional economy- Economic questions are answered on the basis of habit or custom.

true

false

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