Economics Vocabulary Quiz

Economics Vocabulary Quiz

6th Grade

12 Qs

quiz-placeholder

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Economics Vocabulary Quiz

Economics Vocabulary Quiz

Assessment

Quiz

Social Studies

6th Grade

Easy

Created by

Kelly Ansley

Used 32+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ is the limited supply of something.

Scarcity

Mixed

Barter

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The plan that countries must make of how to use their limited resources, is called

Barter

Trade

Economic System

Traditional Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this economic system, all decisions are based on customs, traditions, and beliefs of the past.

Mixed

Market

Traditional

Command

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Trading without using money is called

Traditional

Bartering

Purchasing

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a _____________ economy, all economic decisions are made by the Government.

Traditional

Command

Market

Mixed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic decisions that are made based on the changed in prices that occur as buyers and sellers interact in the market place is a ___________ economy.

Market

Traditional

Mixed

Pure

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The competition between companies is called

Private

Free Enterprise

Bartering

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