Unit 3 Checkup

Unit 3 Checkup

6th Grade

16 Qs

quiz-placeholder

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Unit 1: Economic Systems

Unit 1: Economic Systems

Economic Systems

Economic Systems

Unit 3 Checkup

Unit 3 Checkup

Assessment

Quiz

Social Studies

6th Grade

Practice Problem

Hard

Created by

Shanna Jackson

Used 20+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What are the 3 economic questions every country must answer?

What to produce, how to produce, for whom to produce

How to produce, what is the cost to produce, where to produce

traditional, market, command

mixed, autocratic, democratic, command

2.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Traditional economic systems are focused on ______.

traditions

basic necessities for survival

using what is available; barter

all of the above

3.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Command economic systems are also known as _____ economies.

supply and demand

traditional

planned

detailed

4.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Market economic systems are based on ____ and ____.

traditions and demand

currency and exchange

supply and demand

government control and autocracy

5.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Most countries have a ______ economic system.

mixed

traditional

market

command

6.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Which answer choice is NOT a factor of production (productive resources)?

human capital

capital goods

natural resources

literacy

7.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

This productive resource is based on the skills, knowledge, and experience a person has.

human capital

capital goods

natural resources

entrepreneurship

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