6th Grade Microeconomics Quizzes, Questions & Answers

6th Grade

Top Trending Microeconomics Quizzes

So, would you like to take some scarcity quiz questions and answers? Do you fancy yourself knowledgeable in economics and all matters of finance and money? Are you aware of what the term scarcity means? Take this quiz to find out...

Questions: 10 | Attempts: 7363 | Last updated: Aug 19, 2025

Sample Question 1
What is scarcity?

The act of being afraid

The excess of a product that hasn't been sold

The inability to satisfy the unlimited wants and needs of people.

The number of goods and services consumers want

Sample Question 2
When a limited amount of resources are available, consumers must:

Demand more

Choose an alternative

Wait

Fight for them

Sample Question 3
All are alternatives to scarcity EXCEPT:

Wish

Ration

Trade

Substitute

Recent Microeconomics Quizzes

Profit and Loss- Chapter Wise Test

Questions: 10 | Attempts: 4518 | Last updated: Oct 22, 2025

Sample Question
When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?

Rs. 21,000

Rs. 22,500

Rs. 25,300

Rs. 25,800

Economics Vocabulary Trivia Questions! Quiz

Questions: 11 | Attempts: 503 | Last updated: Mar 21, 2025

Sample Question
Money paid to an employee.

Wage

Goods

Services

Profit

What Kind Of Economy Am I?

Questions: 8 | Attempts: 520 | Last updated: Mar 21, 2025

Sample Question
The expression "supply and demand" reflects what kind of economy?

Command economy

Traditional economy

Market economy

Mixed economy

Trivia Quiz: Economics Practice Test!

Questions: 15 | Attempts: 367 | Last updated: Mar 21, 2025

Sample Question
__________ are things we do not need to survive like Xbox or TV.

Wants

Needs

Scarcity

Abundance

6th Grade Microeconomics Quizzes, Questions & Answers

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