Wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Economics Practice

Total questions: 45

Worksheet time: 26mins

Name
Class
Date
1.

This image represents which economic sector?

a)

Tertiary Sector

b)

Secondary Sector

c)

Primary Sector

d)

Quaternary Sector

2.
a)
Primary Sector
b)
Tertiary Sector
c)
Secondary Sector
d)
Quaternary Sector
3.

This image represents which economic sector?

a)

Primary Sector

b)

Quinary Sector

c)

Secondary Sector

d)

Tertiary Sector

4.
This is NOT part of the primary sector of the economy
a)
Mining
b)
Forestry
c)
Retail
d)
Fishing
5.
Fishing, Mining, Farming, and Forestry are examples of what economic activity?
a)
Primary
b)
Secondary
c)
Teritiary
d)
Quaternary 
6.
Which economic activity would lawyers, doctors, salespeople, and customer service representatives fall under?
a)
Primary
b)
Secondary
c)
Tertiary
d)
Quaternary
7.
Which economic activity would intellectual occupations which are advanced and specialized such as thinking, research and developing new ideas fall under?
a)
Primary
b)
Secondary
c)
Tertiary
d)
Quaternary
8.

What is the quarternary sector?

a)

Concerned with information and communication and research and development

b)

Provides services

c)

Working with natural resources

d)

Processing things such as food or minerals

9.

Identify the level of economic activity: making furniture

a)

Primary

b)

Secondary

c)

Tertiary

d)

Quaternary

10.

Identify the level of economic activity: selling furniture

a)

Primary

b)

Secondary

c)

Tertiary

d)

Quaternary

11.
____________is the process of making goods in a workshop or factory.
a)
Creating
b)
Manufacturing
c)
Building
12.
Cosco sells products for ___________.
a)
Wholesale
b)
Markup
13.
This is the sale of large quantities of goods to retailers. Examples are Pepperidge Farms, Frito-Lay Corporation, Coca-Cola Corporation, etc.
a)
Retail
b)
Manufacturing
c)
Wholesale
d)
Service Industry
14.
The sale of goods in small amounts or on a small scale. Examples are HEB, Walmart, Academy, or Target.
a)
Retail
b)
Wholesale
c)
Manufacturing
d)
Agriculture
15.
a)
Retail
b)
Wholesale
c)
Agriculture
d)
Service Industry
16.

Who is primarily responsible for making economic decisions in a market economy?

a)

the central government

b)

big business

c)

market regulators

d)

individuals

17.

Under which economic system would factors of production most likely be owned by a government?

a)

Market Economy

b)

Command Economy

c)

Traditional Economy

d)

Mixed Economy

18.

A(n) ________ will start a new business using the factors of production.

a)

monopoly

b)

small business

c)

entrepreneur

d)

investor

19.

Which of these are examples of LABOR?

a)

oil

b)

doctors

c)

computers

d)

trees

20.

Which of these are examples of CAPITAL?

a)

nurses

b)

ice cream machine

c)

wood

d)

oil

21.

Which characteristics best describe a traditional economy?

a)

labor unions and wages

b)

customs and trading

c)

Communism and inflation

d)

markets and systems

22.

An economic system is how a nation organizes _______________.

a)

its economy.

b)

factors of production

c)

supply and demand

d)

politics

23.

In a command economy, who determines the prices of goods and services?

a)

market forces of supply and demand

b)

the central government

c)

independent agencies and regulators

d)

business owners

24.

Which statement best describes the difference between a market economy and a traditional economy?

a)

in a market economy, decisions are based on custom

b)

in a traditional economy, decisions are based solely on supply and demand

c)

in a traditional economy, decisions are based on habit and custom

d)

in a market economy, decisions are based on habit

25.

________ economies are characterized by a hands-off approach to the economy by the government.

a)

Traditional Economy

b)

Command Economy

c)

Market Economy

d)

Mixed Economy

26.

The ______________ level of Industry uses natural resources to make a finished product.

a)

primary

b)
Secondary
c)

tertiary

d)

quaternary

27.

The _____________ level of Industry gathers information through research and development.

a)

primary

b)
Quaternary
c)

secondary

d)

tertiary

28.

Which TYPE of Industry is shown here?

a)

agriculture

b)

service

c)

retail

d)

wholesale

e)

manufacturing

29.

Which TYPE of Industry is shown here?

a)

agriculture

b)

service

c)

retail

d)

wholesale

e)

manufacturing

30.

What TYPE of Industry is shown here?

a)

agriculture

b)

service

c)

retail

d)

wholesale

e)

manufacturing

31.

What TYPE of Industry is shown here?

a)

agriculture

b)

service

c)

retail

d)

wholesale

e)

manufacturing

32.

What TYPE of Industry is shown here?

a)

agriculture

b)

service

c)

retail

d)

wholesale

e)

manufacturing

33.

Which LEVEL of industrial production is shown here?

a)

PRIMARY

b)

SECONDARY

c)

TERTIARY

d)

QUATERNARY

34.
Katia is an accountant in a government run business where she was placed after graduation.
a)
Command
b)
Traditional
c)
Free Market
d)
Mixed
35.
Sally works in a private company that has to follow government rules for public safety.
a)
Free Market
b)
Command
c)
Mixed
d)
Traditional
36.
An economic system is the way in which people decide to organize the production and distribution of goods.
a)
True
b)
False
37.

GDP

a)

total value of goods produced and services provided in a country during one year

b)

quick wi-fi connection

c)

total value of goods produced and in a country during one year

d)

total value of services provided in a country during one year

38.

GDP per capita

a)

divides the country's GDP by the number of literate citizens

b)

divides the country's GDP by the total number of voters

c)

divides the country's GDP by its total tax payers

d)

divides the country's GDP by its total population

39.

Literacy Rate

a)

% of people who have a college degree

b)

% of people who can write

c)

% of people who can read and write

d)

% of people who can read

40.

The higher the GDP/ GDP per capita, ___________.

a)

the higher the voter turnout

b)

the better the school systems

c)

the worse the economy is

d)

the stronger the economy

41.

What are natural resources?

a)

resources that are gone from nature

b)

resources that are manufactured for the environment

c)

resources that are considered worthless

d)

materials or substances that occur in nature and can be used for economic gain.

42.

overpopulation would be an issue in a ___________ country

a)

developing

b)

developed

43.

healthcare would be an issue in a ___________ country

a)

developing

b)

developed

44.

education and literacy is higher in a ___________ country

a)

developing

b)

developed

45.

gdp and life expectancy is higher in a ___________ country

a)

developing

b)

developed

Similar Resources on Wayground

Ancient Greece Test Review

44 questions

Ancient Greece Test Review

quiz

Worksheet

•

6th Grade

Unit 4 and 5 Review (2025-26)

46 questions

Unit 4 and 5 Review (2025-26)

quiz

Worksheet

•

6th Grade

Social Studies Final Exam

50 questions

Social Studies Final Exam

quiz

Worksheet

•

6th Grade - University

Unit 1 Foundations of Geography

49 questions

Unit 1 Foundations of Geography

quiz

Worksheet

•

6th Grade

South Asia Review II

42 questions

South Asia Review II

quiz

Worksheet

•

6th Grade

Rome Review Quiz

41 questions

Rome Review Quiz

quiz

Worksheet

•

6th Grade

Imperialism and WWI

48 questions

Imperialism and WWI

quiz

Worksheet

•

6th Grade - University

Early historical Influences/British Policies Leading to Rev.

42 questions

Early historical Influences/British Policies Leading to Rev.

quiz

Worksheet

•

6th - 8th Grade