Economics Basics Quiz

Economics Basics Quiz

6th - 8th Grade

26 Qs

quiz-placeholder

Similar activities

Geography unit 2 test

Geography unit 2 test

8th Grade

21 Qs

6th Grade - History of Canada Part 1

6th Grade - History of Canada Part 1

6th Grade

21 Qs

communism,vietnam,Korean war

communism,vietnam,Korean war

6th - 8th Grade

21 Qs

Where does our food come from

Where does our food come from

7th Grade

22 Qs

European Regions Quiz-Lucy Valencia

European Regions Quiz-Lucy Valencia

6th Grade

22 Qs

4.3.2 Perspectives/Creating Constitution

4.3.2 Perspectives/Creating Constitution

8th Grade

27 Qs

History of India Quiz

History of India Quiz

6th Grade

23 Qs

Social

Social

5th - 7th Grade

21 Qs

Economics Basics Quiz

Economics Basics Quiz

Assessment

Quiz

Social Studies

6th - 8th Grade

Medium

Created by

Maureen Nolan

Used 172+ times

FREE Resource

26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A goal of the Federal Reserve is to -

keep the economy stable

provide tax money to the government

set the tax rate

prevent the formation of monopolies

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system where people, businesses, and the government all make economic decisions is called?

Traditional

Mixed

Free Market

Command

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person that makes, grows or supplies something is a:

Group of answer choices

producer

consumer

governor

entrepreneur

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The money left over after a business pays for what it costs to make something is called--

resources

profit

purchases

opportunity cost

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a free market economy --

consumers decide how much things will cost

supply and demand decide how much things will cost

the government decides how much things will cost

businesses decided how much something will cost

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is Carlos' opportunity cost for going to the movies?

the price of the movie tickets

enjoyment of seeing the movies

value of the computer game

Going to 7-11 with his friends

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What kind of business is best described by this statement?

proprietorship

partnership

corporation

Stock market

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

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?