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Unit 1 Econ Only 25-26

Authored by Edward Brink

Social Studies

6th Grade

Used 4+ times

Unit 1 Econ Only 25-26
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics

Study of the Earth’s resources

Study of how people use resources to produce and exchange goods and services

Study of ancient civilizations

Study of how governments are elected

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Production

The way goods are traded between countries

The act of making goods or services

The amount of money made after costs

The process of using up resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Distribution

Giving out or delivering goods and services to people

Storing goods for later use

Selling goods to only one customer

Importing goods from another country

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumption

The act of creating goods

The use of goods and services to satisfy needs and wants

Trading goods for other goods

Increasing the amount of goods available

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods

Physical items people buy or use

Activities done for others

Natural resources like water

The process of making a profit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Services

Work done for others to satisfy needs and wants

Money earned from selling goods

Machines used in production

Items bought in a store

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity

When there is more than enough of something

When resources are limited compared to wants

When a country has many exports

When demand is low

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