Economic Quiz

Economic Quiz

6th - 8th Grade

25 Qs

quiz-placeholder

Similar activities

Investing

Investing

8th Grade

20 Qs

Mr. King's - Economic Terms and Concepts Flash Cards

Mr. King's - Economic Terms and Concepts Flash Cards

7th Grade

25 Qs

Latin America govt and econ

Latin America govt and econ

6th Grade

21 Qs

Basic Economic Terms: Economics, FoP, Scarcity, Macro/Micro

Basic Economic Terms: Economics, FoP, Scarcity, Macro/Micro

8th Grade

23 Qs

Government & Economics of Latin America

Government & Economics of Latin America

6th Grade

25 Qs

Europe Trade & Economies

Europe Trade & Economies

6th Grade

22 Qs

Economic Decisions and Systems Review

Economic Decisions and Systems Review

8th Grade - University

20 Qs

Introduction to Economics

Introduction to Economics

6th - 8th Grade

26 Qs

Economic Quiz

Economic Quiz

Assessment

Quiz

Other

6th - 8th Grade

Medium

Created by

Crysta Hines

Used 42+ times

FREE Resource

AI

Enhance your content

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Characterized by more government ownership and central planning.

Traditional Economy

Command/Socialist Economy

Market

Mixed Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount at which a good or service will be sold at in a market.

scarcity

price

economy

resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A combination of a command and a market economy.

Traditional Economy

Socialist Economy

Command Economy

Mixed Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The knowledge, efforts, and skills people bring to their work, also known as labor.

human resources

natural resources

entrepreneurial resources

capital resources

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The type of economy where people believe in doing things the same as it has always been done in the past.

Traditional Economy

Command Economy

Market Economy

Mixed Economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The condition that exists when wants exceed resources available to satisfy wants.

price equalibrium

suppy

demand

scarcity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things that you must have in order to survive. (clothes, water, shelter)

wants

needs

goods

services

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?