Chapter 3 Test - Understanding Characteristics of Economics
6th - 8th Grade
•30 Qs
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Chapter 3 Test - Understanding Characteristics of Economics
Quiz
•
others
•
6th - 8th Grade
•
Practice Problem
•
Hard
Mary Evans
FREE Resource
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30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Scarcity means unlimited resources.
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Opportunity cost is what you give up when making a choice.
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Supply means how much customers want to buy.
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Demand means how much businesses want to sell.
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Mixed economies combine elements of market and command.
6.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Which is an example of scarcity?
7.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Opportunity cost is…
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