Economics Introduction

Economics Introduction

6th Grade

9 Qs

quiz-placeholder

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Economics Introduction

Economics Introduction

Assessment

Quiz

Social Studies

6th Grade

Practice Problem

Easy

Created by

Aaron Olson

Used 17+ times

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 11 pts

What term correctly describes the combination of natural, human, and capital resources?

Scarcity

Supply chain

Command Economy

Entrepreneurship

2.

MATCH QUESTION

1 min • 12 pts

Match each term with the correct definition.

consumption

also called manufacturing

choice

Buying or using a product

opportunity cost

selection of an item or action from a set of possible alternatives

production

what is given up when a choice is made (the second best alternative)

3.

MULTIPLE CHOICE QUESTION

30 sec • 11 pts

Which of the following is the inability to satisfy all wants at the same time?

Production

Scarcity

Limited Resources

Economy

4.

MATCH QUESTION

1 min • 11 pts

Media Image

Identify which images depict either a consumer or producer.

Consumer

Media Image

Producer

Media Image

Natural Resource

Media Image

5.

MULTIPLE CHOICE QUESTION

30 sec • 11 pts

Scarcity defines the concept of having ________ wants and ________ resources.

reasonable; unlimited

finite; infinite

limited; reasonable

unlimited; limited

6.

MULTIPLE CHOICE QUESTION

30 sec • 11 pts

What do we call what is given up when a choice is made?

opportunity cost

scarcity

resources

economics

7.

MATCH QUESTION

1 min • 11 pts

Match each resource type to its corresponding picture.

Capital

Media Image

Natural

Media Image

Human

Media Image

8.

MULTIPLE CHOICE QUESTION

30 sec • 11 pts

All resources and goods are limited. Limited goods and resources require that we make _______.

a budget

profit

choices

resources

9.

MULTIPLE CHOICE QUESTION

30 sec • 11 pts

Which of the following is used in the production of goods and services?

Materials

Unlimited wants

Unlimited needs

Resources