The World's Economy

The World's Economy

7th Grade

15 Qs

quiz-placeholder

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The World's Economy

The World's Economy

Assessment

Quiz

Social Studies

7th Grade

Medium

S2987651

Standards-aligned

Created by

Chloe Barbosa

Used 19+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

To obtain the things you want and need, you use both natural and human resources.

True

False

Tags

S2987651

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Capital is all paid workers.

True

False

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

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

water

trees

coal

wind

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

In which type of economy is production privately owned?

traditional economy

command economy

mixed economy

market economy

5.

MULTIPLE CHOICE QUESTION

5 mins • 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 percent of the labor force that is employed

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

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

GDP is used to measure

taxes by the government

growth of the economy overtime

stocks and bonds

types of jobs people have

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Domestic means

state of the economy

government regulations over a country

originating in one's own country

governed by the people

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