
Economics Quiz
Authored by Le Rhea Edwards
Physical Ed
6th Grade
Used 1+ times

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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If there is not enough of something to go around for all the people who want it, it is called:
entrepreneur
barter
scarcity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is barter?
using things from nature
trading something of value for something else without the use of money
doing the work
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Needs are things people MUST HAVE TO LIVE. Which of the following are needs?
Food and water
Luxury car
Smartphone
Designer clothes
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name one thing that is NOT a need,
designer clothes
water
Food
Shelter
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the cost of running a business called?
needs
profit
expenses
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The reason people start businesses is to:
get food
make a profit
have fun
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name some of the capital resources the Little Red Hen used in the story.
kitchen and oven
cat and mouse
horse and dog
A barn and a silo
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