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Unit 6- Economics (2)

Authored by Brenton Fitzpatrick

Social Studies

6th Grade

Used 144+ times

Unit 6- Economics (2)
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a disadvantage of NAFTA?

Economic growth

More pollution from farming

Increased trade

Prices of goods

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does NOT describe a Market Economy?

Decisions made by central planners

Interactions between sellers and buyers

Minimal government involvement

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of resource is a factory?

Natural

Land

Renewable

Capital

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is TRUE?

There are only a few currencies used in the world

Exchange rates allow for more global trade

All exchange rates are based upon the US dollar

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You have $2.00 to spend. You can either buy a pop, or save the money for later. If you choose to buy a pop, what is your opportunity cost?

$2.00

buying one pop

saving your money

spending money

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is NOT included in GDP?

Used cars

The selling of stolen goods

Mowing your own lawn

All of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the Basic Economic Questions?

How much should be exported?

How will we afford this?

How to produce goods?

How to set up an economy?

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