Social Studies Guru - Economics

Social Studies Guru - Economics

6th - 8th Grade

15 Qs

quiz-placeholder

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Social Studies Guru - Economics

Social Studies Guru - Economics

Assessment

Quiz

Other

6th - 8th Grade

Hard

Created by

Sandy Murray

Used 35+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A type of economy where products, prices, and services are determined by the market, not the government, is the...

Free Enterprise System

Integumentary System

Market System

Federal System

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The resources of an economic system (Factors of Production) are...

Traditional, command, market, and mixed

Land, capital, labor, and entrepreneurs

Monopoly, oligopoly, private, and government

Local, central, national, and global

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Factors of production that are used in the production of goods and services...

Resources

Price

Costs

Goods

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the name for a tax paid for the manufacture or sale of certain goods and services?

Excise tax

Permanent tax

Tariff

Government tax

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What type of tax is imposed on products like gasoline, alcohol, and cigarettes?

Excise tax

Luxury tax

Sales tax

Severance tax

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of these is a type of resource?

Land

Capital

Enterprise

All of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The economic system that emphasizes freedom of choice, individual incentive and opportunity for making profit is...

Socialism

Capitalism

Communism

Mixed

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