
Economic Basics Topic 1 Lesson 6
Quiz
•
Social Studies
•
6th Grade
•
Practice Problem
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Kris Snyder
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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is the study of how people meet their wants and needs.
Supply
Economics
Goods
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is one of the three basic economic questions?
Can an income be shared?
How is a budget created?
How should goods and services be produced?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These are physical products such as food, clothing, books, and water bottles.
services
customs
goods
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are helpful or valuable actions that businesses offer? (like hotels, restaurants, banks)
customs
goods
services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is when there is a limited quantity of resources or not enough of a good being produced.
produce
customs
Scarcity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Prices in a market are set by supply and
services
demand
consumers
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who are the people or businesses that make and sell goods and services?
producer
values
consumer
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