Which best describes the circular flow of an economy?
Biztown Unit 1: Community and Economy Assessment

Quiz
•
Social Studies
•
6th Grade
•
Hard
Julianne Miles
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a model of the movement of goods, services, resources and money in an economy
the people and things needed to produce goods and services
work produced by human resources
a model or sample of a product to be produced
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A good produced and offered for sale
resource
product
labor
service
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who pays for private goods and services?
philanthropists
government
people who use them
taxpayers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money left after all business expenses have been paid.
Prototype
Profit
Product
Scarcity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Due to scarcity, people cannot have all of the things they want.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A free enterprise economy is a system in which economic decisions are made in markets by consumers and businesses with little government influence.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Payments that citizens and businesses are required to make to a government to pay for public goods and services is called gross pay.
True
False
Create a free account and access millions of resources
Similar Resources on Wayground
13 questions
Canada & Voluntary Trade

Quiz
•
6th Grade
12 questions
Economic Systems

Quiz
•
5th - 7th Grade
15 questions
Economic Systems

Quiz
•
6th Grade
12 questions
Specialization and Trade

Quiz
•
6th - 8th Grade
12 questions
Economics Vocabulary Quiz

Quiz
•
6th Grade
15 questions
Economics Basics Quiz

Quiz
•
6th Grade
12 questions
Unit 2C Quiz Review

Quiz
•
6th Grade
13 questions
Unit 5 Russia

Quiz
•
6th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade