American Free Market Economy

American Free Market Economy

6th Grade

18 Qs

quiz-placeholder

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American Free Market Economy

American Free Market Economy

Assessment

Quiz

History, Social Studies

6th Grade

Practice Problem

Medium

Created by

Crystal Winner

Used 18+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The inability to satisfy all wants at the same time

scarcity

supply

demand

supply and demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All resources and goods are limited. I requires that a choice be made.

scarcity

supply

demand

supply and demand

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Selecting an item or action from a set of polssible alternatives.

Incentives

Choice

Opportunity Cost

Production

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Individuals must make a decision about desired goods or services because these goods or services are limited.

Incentives

Choice

Opportunity Cost

Production

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is what is given up when a coice is made.

scarcity

choice

opportunity cost

resources

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

I want a Big Mac and Chicken nuggets. I can only get one. The one I DONT get is the ______________.

scarcity

choice

opportunity cost

resources

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These are the factors of production that are used in the production of goods and services.

resources

price

production

supply and demand

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