6th Grade Quiz

Renewable resources are

• Artificial materials created by humans
• Natural resources that can be replenished naturally.
• Resources that cannot be used again
• Finite resources that deplete over time

Non Renewable Resources are...

• Resources that are always in abundance
• Natural resources that are limited in supply and cannot be replaced quickly.
• Unlimited natural resources available for use
• Resources that can be replenished quickly

Economic systems are..

• Economic systems are only about government regulations.
• Economic systems are irrelevant to modern society.
• Economic systems are frameworks that govern the production, distribution, and consumption of goods and services.
• Economic systems are solely based on cultural traditions.

Command Economies are....

• economic systems where the government controls production and distribution
• economic systems with no government intervention
• economic systems that rely solely on market forces
• economic systems where private individuals control production

Market Economies are....

• Market Economies are based on barter and trade without currency.
• Market Economies are economic systems based on supply and demand.
• Market Economies rely exclusively on fixed prices.
• Market Economies are solely controlled by the government.

Economies where people do jobs that are passed down from fathers or mothers like fishing, hunting, and farming are called _______________ Economy

Market, Traditional, or Command

Mixed Economies are...

• Economies that do not involve any form of regulation.
• Systems that only allow private ownership of resources.
• Mixed Economies are economic systems that incorporate both private and public sector elements.
• Economic systems that rely solely on government control.

GDP is Gross Domestic Product, that measures....

• the number of exports and imports of a country.
• the total land area of a country.
• the population growth of a country.
• the economic performance of a country.

People use standard of living to...

• measure environmental impact
• evaluate economic well-being and quality of life
• assess political stability
• determine population growth

Productivity is measured by...

• output (thing sold) of economies

• number of employees involved
• time taken to complete tasks
• total input used