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7th Grade Civics Final Exam Study Guide

Authored by julie Forgie

Social Studies

7th Grade

Used 1+ times

7th Grade Civics Final Exam Study Guide
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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do Services include?

Services include work that is done for us.

Services include only physical goods.

Services include only things we can touch.

Services include only products we can buy.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There are three types of Resources: Natural, Labor, and _____. Fill in the blank.

Capitol

Energy

Technology

Water

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is the study of how people choose to use their limited resources to satisfy their ____ wants. Fill in the blank.

unlimited

limited

basic

temporary

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The USA is based on a market economy where businesses are free to compete for profit with little interference from the _____.

government

media

consumers

banks

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a fixed cost? Choose the correct option.

Rent

Payroll for extra hours

Raw materials

Advertising

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Labor is an example of which type of cost? Choose the correct option.

Fixed cost

Variable cost

Sunk cost

Opportunity cost

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Marginal analysis does comparisons if additional benefit is greater than the additional _____.

cost

revenue

output

time

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