Economic Systems Review

Economic Systems Review

6th Grade

11 Qs

quiz-placeholder

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Economic Systems Review

Economic Systems Review

Assessment

Quiz

Social Studies

6th Grade

Medium

Created by

Brenda Sanchez

Used 1+ times

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11 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following are the 4 factors of production that economist study?

land

ocean

capital

entrepreneurship

land

capital

labor

entrepreneurship

developed

developing

GDP

capital

food

water

sun

air

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which system has a few limits on business activities?

free enterprise system

wholesale system

retail system

manufacturing system

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is scarcity?

businesses that sell to other businesses

basic economic resources

a problem of having unlimited human wants in a world with limited sources.

a country with a weak economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False : A developing country has a strong economy and high quality of life.

False

True

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The United States has a good health care system and strong economy, therefore it is considered a _______________

Developed Country

Developing Country

Free Country

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Which type of economy relies on hunting and fishing?

Command Economy

Market Economy

Traditional Economy

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

In which type of economy does the government control the economy?

Traditional

Command

Market

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