Economics

Economics

6th - 8th Grade

36 Qs

quiz-placeholder

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Economics

Economics

Assessment

Quiz

Social Studies

6th - 8th Grade

Practice Problem

Medium

Created by

Kerry Flieger

Used 2+ times

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36 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is demand?

the amount of an item you have

how many people want your good/service

the money you have left over after you paid your bills

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is supply?

the amount of an item you have

how many people want your good/service

the money you have left over after you paid your bills

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A good made in the United States and sent to other countries

import

export

supply

demand

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A good made in another country and brought into the United States

import

export

supply

demand

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What type of economy does the United States have?

traditional

mixed

command

market

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a market economy?

An economy based on supply and demand with little or no government control

The international exchange of goods

An economy in which decisions are made by the government

An economy that is communist

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a producer?

a person who gives goods away

things people would like to have

the exchanged of goods and services without the use of money

a person, company, or country that makes grows, or supplies goods for sale

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