What is an Economy? Review

What is an Economy? Review

6th - 8th Grade

15 Qs

quiz-placeholder

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What is an Economy? Review

What is an Economy? Review

Assessment

Quiz

Geography

6th - 8th Grade

Medium

Created by

Shannon Mack

Used 68+ times

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15 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

True or False - To obtain the things you want and need, you use both natural and human resources.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a nonrenewable resource?

water

coal

trees

wind

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are all factors of production?

land, labor, and gross domestic product

labor, service industries, and capital

land, labor, and capital

capital, service industries, and labor

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of economy are most of the means of production privately owned?

traditional economy

command economy

mixed economy

market economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a job in the primary sector, which produces raw materials and basic goods?

auto mechanic

physician

farmer

banker

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In economics, what is meant by the term productivity?

a measure of what is produced and what is required to produce it

the level at which a person, group, or nation lives

the percentage of the labor force that is employed

the total dollar value of all final goods and services produced in a year

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of economic system are resources distributed mainly through families?

traditional economy

market economy

command economy

mixed economy

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