Unit 7, Bundle 1: Global Supply and Demand

Unit 7, Bundle 1: Global Supply and Demand

6th Grade

18 Qs

quiz-placeholder

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Unit 7, Bundle 1: Global Supply and Demand

Unit 7, Bundle 1: Global Supply and Demand

Assessment

Quiz

Social Studies

6th Grade

Hard

DOK Level 1: Recall, DOK Level 2: Skill/Concept

Standards-aligned

Created by

Cristina Trent

Used 3+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term refers to the amount of a product or service available to consumers?

Demand

Supply

Scarcity

Surplus

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term best describes the willingness and ability of consumers to purchase a product?

Supply

Demand

Distribution

Interdependence

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term "scarcity" mean in economics?

Unlimited resources available for production

Limited resources to meet unlimited wants

Surplus of goods in the market

Equal distribution of resources

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A situation where supply exceeds demand is known as:

Scarcity

Surplus

Distribution

Inequity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Machinery

Labor

Water

Money

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The skills and knowledge of workers are referred to as:

Natural resources

Human capital

Financial capital

Physical assets

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Unequal access to resources and opportunities is known as:

a) Distribution

b) Inequity

c) Surplus

d) Demand

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