Economic Quiz
Quiz
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Other
•
6th - 8th Grade
•
Medium
Crysta Hines
Used 42+ times
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25 questions
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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
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