Biztown Community and Economy 3

Biztown Community and Economy 3

5th Grade

9 Qs

quiz-placeholder

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Biztown Community and Economy 3

Biztown Community and Economy 3

Assessment

Quiz

Social Studies

5th Grade

Hard

Created by

Lance Yoder

Used 43+ times

FREE Resource

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An economic system where the government decides what, the price of, and how much goods and services to produce.

command economy

free enterprise

mixed economy

producer

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A system in which economic decisions are made by people and businesses, with little government influence.

command economy

free enterprise

mixed economy

producer

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An economic system that is part free market and part government controlled.

command economy

free enterprise

mixed economy

producer

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A person who creates or supplies goods or services.

command economy

free enterprise

mixed economy

producer

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An economic system where people use traditions or social customs to decide what, how, and for whom to make goods and services.

product

prototype

profit

scarcity

traditional economy

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A condition in which people cannot have everything they want because of limited resources.

product

prototype

profit

scarcity

traditional economy

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The amount of money left after all business expenses have been paid.

product

prototype

profit

scarcity

traditional economy

8.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A model or sample of a product to be produced.

product

prototype

profit

scarcity

traditional economy

9.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A good produced and offered for sale.

product

prototype

profit

scarcity

traditional economy