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Economics Test Review

Authored by Brittany Schenkewitz

Social Studies

6th Grade

Economics Test Review
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for a person who buys and uses goods?

Supplier

Consumer

Producer

Manufacturer

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: When everyone wants the goods and the price increases, it sometimes causes _______.

Surplus

Scarcity

Abundance

Excess

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a natural resource?

Workforce

Buildings

Crops

Managers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: The money and man-made resources needed to get work done are known as ______.

Labor

Capital

Natural Resources

Entrepreneur

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy is characterized by privately-owned businesses creating goods and services, also known as a market economy or capitalism?

Socialist Economy

Communist Economy

Free Enterprise Economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a _______ economy, the government owns or controls some property and resources; also called a mixed economy.

Free Enterprise

Socialist

Communist

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of industry involves the cultivation of natural resources or animals?

Manufacturing

Retail

Agricultural

Service

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