Module 1 Lesson 3

Module 1 Lesson 3

6th Grade

14 Qs

quiz-placeholder

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 Module 1 Lesson 3

Module 1 Lesson 3

Assessment

Quiz

Social Studies

6th Grade

Easy

Created by

Tim Miguez

Used 11+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

 the money an individual or business has left after paying expenses.

Profit

Entrepreneur

Supply

Demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The US has this type of economy

mixed economy

command economy

traditional economy

trade economy

barter economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Barter system of economy

exchanging goods or services directly for other goods or services

uses money to buy goods and services

uses coins and paper money to buy goods and services

exchanging pancakes or waffles for gold or silver

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

the goods used to make other goods and services, includes tools, trucks, machines, and office equipment.

capital

demand

supply

Silk Road

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A shortage of resources is known as ___

scarcity

supply

demand

profit

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Supply ___.

is the amount of a good or service that businesses are willing and able to produce.

is the desire to have a good or service and the ability to pay for it

the buying and selling of goods

profit

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Demand ___

is the desire to have a good or service and the ability to pay for it.

goods used to make other goods and services

exchanging goods and services

is a barter system

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