Economic Systems Quiz
Authored by Mackenzie Martin
Social Studies
6th Grade
Used 9+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
17 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What term describes not having enough of something?
Economy
Resources
Scarcity
Profit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are natural resources?
Resources that occur naturally in the environment
Man-made tools and machines
Products sold in stores
Services provided by people
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is another name for a free enterprise system?
Command economy
Barter system
Free market economy
Socialist economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of businesses in a Free Enterprise Economy?
To serve the government
To maximize profits
To eliminate competition
To follow government plans
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of the government in a market economy?
To control all businesses
To have limited involvement
To set all prices
To own all property
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does freedom of choice mean in a Free Enterprise economy?
Government decides for you
You can choose what to buy and sell
Limited options available
Prices are fixed
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main driving force behind decisions in a Free Enterprise economy?
Government policies
Consumer demand
Self-interest
International trade
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
