Economics Quiz

Economics Quiz

6th Grade

25 Qs

quiz-placeholder

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Economics Quiz

Economics Quiz

Assessment

Quiz

Social Studies

6th Grade

Medium

Created by

Katie Shuman

Used 10+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Market Economy?

An economic model where the government makes all decisions

An economic model where customs and history make decisions

An economic model where supply and demand determine production

A trade barrier that blocks all trade

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of economy do government planners make all business decisions?

Market Economy

Command Economy

Traditional Economy

Mixed Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Traditional Economy based on?

Government planning

Supply and demand

Customs, habits, and history

Trade barriers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a Trade Barrier do?

Encourages free trade

Slows or blocks the exchange of goods and services

Converts currency

Measures GDP

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Tariff?

A limit on imported goods

A tax on imported goods

A complete block on trade

A type of currency exchange

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a Quota?

To tax imported goods

To limit imported goods

To block all trade

To convert currency

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an Embargo?

A tax on goods

A limit on goods

A complete block on trade

A type of currency

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