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Sixth Grade (Grade 6) Economics Questions

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Grade 6 Economics
Most companies are in business for which reason?
  1. Profits
  2. Provide jobs
  3. Human resources
  4. Have capital goods
Grade 6 Economics
What business strategy involves the owning of all businesses involved in each step of a manufacturing process?
  1. Horizontal integration
  2. Monopoly
  3. Vertical integration
  4. None of the above
Grade 6 Economics
Which of the following is NOT one of the essential questions a country must answer?
  1. What to produce
  2. How to produce
  3. How long to produce
  4. Who gets what's produced
Grade 6 Economics
Benefits guaranteed by law.
  1. culture
  2. rights
  3. majority
Grade 6 Economics

This question is a part of a group with common instructions. View group »

A command economic system is best explained as which of the following?
  1. Government owns most or all of the market and controls the economy
  2. Government has no control over the economy
  3. The economy is driven by competition
  4. The wealthy minority controls the market
Grade 6 Economics
Capitalism, Socialism, and Communism are:
  1. social systems.
  2. cultural systems.
  3. political systems.
  4. economic systems.
Grade 6 Economics
Free Enterprise economic system, also known as private enterprise, and capitalism is best described as which of the following?
  1. Competition driven markets with no government involvement
  2. Government controls the market
  3. Government owns and controls the market
  4. The wealthy minority controls the market
Grade 6 Economics
What are the talents and skills of human beings that contribute to the production of goods and services called?
  1. Capital goods
  2. Natural resources
  3. Human resources
  4. Trees, land, and other things provided by nature
Grade 6 Economics
Which of the following is NOT a characteristic of free-enterprise?
  1. Competition among businesses
  2. The right to entrepreneurship
  3. Goverment ownership of businesses
  4. Limited government involvement
Grade 6 Economics
What country has the highest imports and exports?
  1. Asia
  2. Canada
  3. Germany
  4. Unites States
Grade 6 Economics
When making a purchase, what is the opportunity cost?
  1. The opportunity to make a purchase
  2. When you choose one item instead of another
  3. The item you bought
  4. The items you don't buy when buying an item
Grade 6 Economics
What would be one of a companies capital resources?
  1. The land the business is on
  2. Jobs
  3. Workers
  4. Machines used to make the product
Grade 6 Economics
What makes up the largest part of the United States economy?
  1. agriculture
  2. manufacturing
  3. service industries
  4. mining
Grade 6 Economics
What is it called when you make a large amount of goods?
  1. Jobs
  2. Manufacturing
  3. Machines used to make the product
  4. The exchange of goods and services
Grade 6 Economics
Which interest group would benefit most from urban sprawl?
  1. environmentalists
  2. housing developers
  3. planning commissioners
  4. smart growth advocates
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