CE Module 9 Test Review

CE Module 9 Test Review

6th - 8th Grade

20 Qs

quiz-placeholder

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CE Module 9 Test Review

CE Module 9 Test Review

Assessment

Quiz

Social Studies

6th - 8th Grade

Practice Problem

Hard

Created by

Joey Crawford

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What economic concept forces us to make choices?

Law of Supply
opportunity cost
scarcity
amount of government involvement

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What we give up when a decision is made (ex. I play xbox instead of playing outside)

opportunity cost
how money, resources, and products flow between households, businesses, and governemnt
resources
lower

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the "things" used to provide goods and services?

sole proprietorship
how money, resources, and products flow between households, businesses, and governemnt
resources
money transfers, loans, encourage saving and investing

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What plays the greatest role when determining a country's economy?

bring new products to the market
amount of government involvement
sole proprietorship
consumers to decide what gets produced - we buy it, they make it; we don't buy it, they don't make it

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy has the least amount of choice?

command
scarcity
opportunity cost
equilibrium

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy has competition and choice and little government involvement?

resources
equilibrium
mixed economy
competition

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What determines prices in a free market?

resources
competition
supply and demand
equilibrium

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