Economics

Economics

6th Grade

30 Qs

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History

6th Grade

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Ann Guscott

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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
Which country should trade with country A?
Country B
Country C

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
What is demand?________________________________________
The amount of a particular economic good or service that a consumer uses
The amount of a particular economic good or service that a consumer or group of consumers will want to purchase at a given price.
The amount a producer supplies.
The price of a good or service at a particular time.

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image
What is supply?_________________________________________
Supply is the amount of a particular economic good or service that a consumer or group of consumers will want to purchase at a given price.
A supply is the price of a resource.
 Supply is a product.
A supply is the amount or availability of a resource.

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image
What is Scarcity? _______________________________________
People must make choices.
Scarcity means that there are unlimited resources, and therefore, people don't have to make decisions.
Scarcity means that there are limited resources, and therefore, people must make choices.
Scarcity means that there is a surplus of resources, and therefore, people have more than enough resources.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

__________________________ is when countries depend on one another.

INTERDEPENDENCE

DEPENDENT

SPECIALIZATION

INDEPENDENCE

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens when the supply decreases but the demand increases for a product?
The price falls
The price stays the same
The price goes up
The price drops

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is global economic interdependence?
When one country rules over another
Cultural diffusion
When two countries depend on each other for resources or goods
When two countries go to war

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