Unit 5 Europe Economy - Part II
Quiz
•
Social Studies
•
6th Grade
•
Hard
Laportia Mosley
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
________ ________ ________ is the value of all goods and services produced in a country within a single year. This is also one of the economic indicators used to determine whether a country is strengthening or weakening.
Opportunity cost
gross domestic product
standard of living
literacy rate
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
________ ________ ________ is the way people live with the money they have and the amount of convenience/ comfort their money does or does not provide.
Opportunity cost
gross domestic product
standard of living
literacy rate
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
________ ________ is what you must give up by making a choice.
Opportunity cost
gross domestic product
standard of living
literacy rate
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The number of people who can read and write is the ________ __________.
Opportunity cost
gross domestic product
standard of living
literacy rate
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
_________ are items produced and sold for profit.
consumer
good
service
scarcity
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
_________ are tasks that one person does for another person for a price.
consumer
good
service
scarcity
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
_________ is not having an adequate supply to meet the current demand of a good.
consumer
good
service
scarcity
8.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The Standard of Living is directly related to __________ of a coutry.
consumers
entrepreneurship
opportunity cost
literacy rate
9.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
How can an entrepreneur raise a country's GDP? By creating ________.
close businesses
create jobs
spend more money
file bankruptcy
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