Mini-Society Test

Mini-Society Test

6th - 8th Grade

21 Qs

quiz-placeholder

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Mini-Society Test

Mini-Society Test

Assessment

Quiz

others

6th - 8th Grade

Hard

Created by

Tonya Wells

FREE Resource

21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What type of economy is controlled almost entirely by the government?
Market economy
mixed economy
command economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What type of economy is there when the market determines which goods and services are produced?
market economy
command economy
controlled economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

These are items brought into a country.
exports
imports
profits

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

These are items that are sent to another country.
exports
imports
profits

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

This is the situation that results when there isn't enough of a product.
surplus
scarcity
free enterprise

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

This is the situation that results from too much product and not enough demand.
surplus
scarcity
free enterprise

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

This term describes the revenue that is left over after expenses are paid.
scarcity
profit
opportunity cost

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