Economic Terms Quiz
Authored by Jennifer Goudeau
Business
3rd Grade
Used 7+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a person who purchases goods called?
Importer
Consumer
Producer
Exporter
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for a system in which businesses operate with minimal government involvement?
Plantation
Mill
Manufacturing
Free Enterprise
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the production of items in large numbers for sale or trade?
Manufacturing
Distinct
Flatboat
Export
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a large farm where cash crops are grown on behalf of the person who owns the land called?
Locomotive
Consumer
Producer
Plantation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a railroad engine called?
Flatboat
Locomotive
Free Enterprise
Mill
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the process of selling goods to another country?
Import
Export
Manufacturing
Consumption
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for a business that transforms raw materials into finished products?
Consumer
Exporter
Manufacturer
Importer
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