
economic flow warmup
Authored by Isaiah Allen
Social Studies
6th - 8th Grade
Used 10+ times

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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A market exists whenever buyers and sellers...
buy goods and services.
sell goods and services.
exchange goods and services.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Soil, minerals, air, water, and coal are all examples of
Natural Resources
Human Resources
Capital Resources
Entrepreneurship Resources
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sal was given a choice between a truck and a car. Sal chose the truck because he was planning to go 4-wheeling over the summer. The car represents which economic principle?
Opportunity cost
Supply
Demand
Resources & Choice
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One economic system deals with people performing the same type of work as their parents and grandparents. This is a _______________economy.
Traditional
Command
Free Market
Mixed
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Different countries have different economic systems. You need to know about how many economic systems?
1
2
3
4
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
While on vacation, Adam went to the store and found that there was only one brand of chips, hot dogs, bread, and milk. Adam is most likely visiting a country that is exercising which type of economy?
Free Market
Mixed
Traditional
Command
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The U.S. economy is a __________ economy.
Traditional
Free Market
Command
Mixed
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