6th Grade Economy Assessment

Consumers have choices in goods and services is an example of...

Machinery used in the making of goods and services is?

If a country lowers tariffs on an imported product, what will likely happen?

What does the table indicate about the relationship between Saudi Arabia and the U.S.?

Creating specials or offering incentives is an example of...

Forces businesses to keep their prices low is an example of what?

If a country raises tariffs on an imported product what may happen?

Someone who takes a risk to pursue an economic activity is called what?

What was the economic impact of ancient civilizations moving from bartering to using money?

Forces businesses to keep quality high is an example of...

Nations specializing in goods and services that they produce most efficiently is a benefit of?

Soil, trees, and minerals are all examples of what?

Production resources include labor, capital and 

The four factors of production include land,labor,capital and ?

The 3 factors influencing a producer's decision to make a good include available resources and 

Turmoil can develop when competing countries want the same goods or services is an example of?