Search Header Logo

Basic Economics & Trade Review

Authored by Cassie Nicholson

Social Studies

6th Grade

Used 15+ times

Basic Economics & Trade Review
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

42 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Every country decides how to distribute its resources to meet the needs of its people through a _________.

government system

economic system

civics system

literacy rate system

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are entrepreneurs?

businesses owned by the government

people who risk their own money and resources to start their own businesses

businesses that are organized to be successful

people who own farms and businesses that do not want to make a profit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the THREE economic questions that every country must answer when choosing an economic system?

What to produce?

How to produce?

When to produce?

What to produce?

How to produce?

For whom to produce?

When to produce?

What to produce?

How to produce?

When to produce?

Where to produce?

How to produce?

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A limited supply of something is known as...

surplus

excess

abundance

scarcity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Customs and habits are most important to which type of economy?

mixed

market

traditional

command

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of economic system does the government control what factories produce and what prices to charge for those products?

mixed

market

command

traditional

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of economic system do consumers make economic decisions based on changes in prices that occur between buyers and sellers?

mixed

market

command

traditional

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?