Characteristics of the US Economy

Characteristics of the US Economy

6th - 8th Grade

15 Qs

quiz-placeholder

Similar activities

Unit 1: Gov't/Econ Review

Unit 1: Gov't/Econ Review

6th Grade

12 Qs

WRLD CULTRE- 2nd semester

WRLD CULTRE- 2nd semester

6th Grade

20 Qs

6th Grade Economics Australia :)

6th Grade Economics Australia :)

6th - 8th Grade

11 Qs

Compromise Map

Compromise Map

8th Grade

10 Qs

20 Facts

20 Facts

5th - 6th Grade

20 Qs

Social Studies: 7th Grade: Unit 8: Lesson One

Social Studies: 7th Grade: Unit 8: Lesson One

7th Grade

10 Qs

World Economies

World Economies

7th - 8th Grade

15 Qs

Latin America

Latin America

6th Grade

17 Qs

Characteristics of the US Economy

Characteristics of the US Economy

Assessment

Quiz

History

6th - 8th Grade

Medium

Created by

Vincent Carter

Used 27+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The United States has a -

Free Market Economy

Command Economy

Mixed Economy

Traditional Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Competition results in all of the following EXCEPT

Lower prices

Better quality

more choices

fewer sales

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business’ profit is its -

net worth minus earnings

earnings minus expenses

price per share of stock

investment divided by income

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Private property is best described as -

setting prices higher for extra quality goods

the interaction of supply & demand

individuals’ right to own their own goods and resources

government control of goods and services

 

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Free markets are allowed to operate –

without interference from the government

without many rules

at the will of the people

at times of economic prosperity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the American economy, buyers determine what is produced by the purchases they make.  This is known as -

opportunity cost

incentives

capital resources

consumer Sovereignty

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

“I just bought 50 acres of prime farmland. This land is mine, and I will use it to create a Christmas tree farm to start a Christmas tree business”

consumer sovereignty

profit

free enterprise; markets and limited government

competition

private property

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?