Economics Chapter 2 Section 1 Review
Authored by Nate TeSlaa
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6th - 8th Grade
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6 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The system a society uses to make and share things people need or want, like food and services.
Economic System
Profit
Safety net
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The money a business makes after subtracting its costs. It's what’s left over after paying for expenses.
Economic System
Profit
Safety net
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Programs or services that provide help to people in need, ensuring they have basic support during tough times, like unemployment or illness.
Economic System
Profit
Safety net
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The level of economic prosperity
Standard of living
Innovation
Traditional Economy
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The process of creating new ideas, products, or methods that improve something or make it better.
Standard of living
Innovation
Traditional Economy
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
An economic system where people make and trade goods based on customs and traditions, often relying on farming, hunting, and gathering.
Standard of living
Innovation
Traditional Economy
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