What is the term for a person who buys and uses goods?
Economics Test Review

Quiz
•
Social Studies
•
6th Grade
•
Hard
Brittany Schenkewitz
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Supplier
Consumer
Producer
Manufacturer
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: When everyone wants the goods and the price increases, it sometimes causes _______.
Surplus
Scarcity
Abundance
Excess
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a natural resource?
Workforce
Buildings
Crops
Managers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: The money and man-made resources needed to get work done are known as ______.
Labor
Capital
Natural Resources
Entrepreneur
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economy is characterized by privately-owned businesses creating goods and services, also known as a market economy or capitalism?
Socialist Economy
Communist Economy
Free Enterprise Economy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a _______ economy, the government owns or controls some property and resources; also called a mixed economy.
Free Enterprise
Socialist
Communist
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of industry involves the cultivation of natural resources or animals?
Manufacturing
Retail
Agricultural
Service
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