Understanding Key Economic Terms
7th Grade
•20 Qs
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Understanding Key Economic Terms
Quiz
•
English
•
7th Grade
•
Medium
+3
Standards-aligned
Patrick Campbell
Used 1+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of capitalism?
A system where the government owns all businesses
An economic system prioritizing private ownership and profit
A process of moving from cities to rural areas
A group that supports only business owners
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term describes an organization that advocates for workers' rights and benefits?
Assembly Line
Labor Union
Urbanization
Immigration
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does urbanization refer to?
The process of making products in factories
The movement of people from rural to urban areas
The movement of people to a new country
The creation of labor unions
Tags
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is immigration?
The process of dividing tasks for efficiency
The movement of people to a new country for settlement
The shift from urban to rural areas
The formation of labor unions
Tags
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term best describes a manufacturing process that divides tasks for efficiency?
Capitalism
Labor Union
Assembly Line
Urbanization
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a feature of capitalism?
Private ownership
Profit motive
Government ownership of all property
Competition
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A group of workers joins together to demand better pay and working conditions. What is this group called?
Assembly Line
Labor Union
Urbanization
Immigration
Tags
CCSS.RI.6.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
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