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Grade 6 Social Studies · Economics and Resources

Grade 6 Economics and Resources Practice Test

Build Grade 6 Social Studies skills with five 10-question practice tests on scarcity, resources, production, consumption, trade, markets, opportunity cost, budgeting, economic systems, and sustainability.

Economics and Resources Practice Tests

These Grade 6 Social Studies practice tests help students explain how people and societies make choices when resources are limited. Students study scarcity, needs, wants, opportunity cost, natural and human resources, capital, production, consumption, specialization, trade, markets, supply, demand, incentives, budgets, economic systems, conservation, and sustainability.

Skills covered

  • Explaining scarcity, needs, wants, trade-offs, opportunity cost, and economic choices
  • Identifying land, labor, capital, entrepreneurship, natural resources, goods, services, producers, and consumers
  • Understanding productivity, specialization, division of labor, technology, trade, comparative advantage, and markets
  • Explaining incentives, demand, supply, competition, regulation, prices, and consumer choices
  • Comparing renewable and nonrenewable resources, conservation, pollution, and sustainability
  • Understanding budgets, saving, market economies, command economies, and mixed economies

How to use these practice tests

First identify the limited resource, choice, producer, consumer, or market relationship described in the question. Then ask what is being given up, how incentives affect decisions, and whether the resource can be renewed. For economic systems and sustainability questions, compare who makes decisions, how resources are allocated, and what effects may continue into the future.

For more Grade 6 Social Studies practice, return to the Grade 6 Social Studies category.

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5 Tests
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1. Test

Grade 6 Economics and Resources Practice Tests

A 10-question Grade 6 Social Studies practice test on scarcity, needs, wants, resources, production, consumption, trade, markets, opportunity cost, budgeting, economic systems, and sustainability.

Identify the economic concept in each question, compare limited resources with wants, and use the evidence about choices, production, trade, markets, or sustainability to select the best answer.

10 Questions
0/10 Questions0 %
Correct 0
Incorrect 0
Unanswered 10
1. QuestionMultiple choice

What is scarcity?

Please select an answer first.

Correct answer: A

The correct answer is The condition that resources are limited while wants are unlimited.

  1. Identify the economics concept: Determine whether the question asks about scarcity, resources, production, consumption, trade, markets, money, or sustainability.
  2. Use the evidence: Scarcity means people and societies must make choices because time, money, materials, and resources are limited.
  3. Check the relationship: Connect choices, incentives, resources, prices, production, and environmental effects to confirm the answer.

Scarcity means people and societies must make choices because time, money, materials, and resources are limited.

2. QuestionMultiple choice

What is a need?

Please select an answer first.

Correct answer: B

The correct answer is Something necessary for basic health, safety, or survival.

  1. Identify the economics concept: Determine whether the question asks about scarcity, resources, production, consumption, trade, markets, money, or sustainability.
  2. Use the evidence: Food, water, shelter, and basic safety are examples of needs.
  3. Check the relationship: Connect choices, incentives, resources, prices, production, and environmental effects to confirm the answer.

Food, water, shelter, and basic safety are examples of needs.

3. QuestionMultiple choice

What is a want?

Please select an answer first.

Correct answer: C

The correct answer is Something people would like to have but do not need for basic survival.

  1. Identify the economics concept: Determine whether the question asks about scarcity, resources, production, consumption, trade, markets, money, or sustainability.
  2. Use the evidence: Wants can add comfort or enjoyment, but people can survive without every want.
  3. Check the relationship: Connect choices, incentives, resources, prices, production, and environmental effects to confirm the answer.

Wants can add comfort or enjoyment, but people can survive without every want.

4. QuestionMultiple choice

Why does scarcity require people to make choices?

Please select an answer first.

Correct answer: D

The correct answer is People cannot have every good, service, or opportunity, so they must decide how to use limited resources..

  1. Identify the economics concept: Determine whether the question asks about scarcity, resources, production, consumption, trade, markets, money, or sustainability.
  2. Use the evidence: Limited resources force individuals, businesses, and governments to prioritize alternatives.
  3. Check the relationship: Connect choices, incentives, resources, prices, production, and environmental effects to confirm the answer.

Limited resources force individuals, businesses, and governments to prioritize alternatives.

5. QuestionMultiple choice

What is opportunity cost?

Please select an answer first.

Correct answer: A

The correct answer is The next best alternative given up when a choice is made.

  1. Identify the economics concept: Determine whether the question asks about scarcity, resources, production, consumption, trade, markets, money, or sustainability.
  2. Use the evidence: Opportunity cost measures the most valuable option that was not chosen.
  3. Check the relationship: Connect choices, incentives, resources, prices, production, and environmental effects to confirm the answer.

Opportunity cost measures the most valuable option that was not chosen.

6. QuestionMultiple choice

A student spends an hour studying instead of playing a game. What is the opportunity cost?

Please select an answer first.

Correct answer: B

The correct answer is The next best activity the student gives up, such as playing the game.

  1. Identify the economics concept: Determine whether the question asks about scarcity, resources, production, consumption, trade, markets, money, or sustainability.
  2. Use the evidence: The opportunity cost is the most valuable alternative forgone, not every possible alternative.
  3. Check the relationship: Connect choices, incentives, resources, prices, production, and environmental effects to confirm the answer.

The opportunity cost is the most valuable alternative forgone, not every possible alternative.

7. QuestionMultiple choice

Why do people prioritize needs before some wants when resources are limited?

Please select an answer first.

Correct answer: C

The correct answer is Needs are necessary for basic well-being, while wants can often be delayed or replaced..

  1. Identify the economics concept: Determine whether the question asks about scarcity, resources, production, consumption, trade, markets, money, or sustainability.
  2. Use the evidence: Prioritizing needs helps people use scarce income, time, and resources for essential purposes.
  3. Check the relationship: Connect choices, incentives, resources, prices, production, and environmental effects to confirm the answer.

Prioritizing needs helps people use scarce income, time, and resources for essential purposes.

8. QuestionMultiple choice

What is a trade-off?

Please select an answer first.

Correct answer: D

The correct answer is Giving up one option in order to choose another.

  1. Identify the economics concept: Determine whether the question asks about scarcity, resources, production, consumption, trade, markets, money, or sustainability.
  2. Use the evidence: Every choice among scarce alternatives involves a trade-off.
  3. Check the relationship: Connect choices, incentives, resources, prices, production, and environmental effects to confirm the answer.

Every choice among scarce alternatives involves a trade-off.

9. QuestionMultiple choice

Why can scarcity affect governments?

Please select an answer first.

Correct answer: A

The correct answer is Governments must decide how to use limited tax revenue, land, workers, and time..

  1. Identify the economics concept: Determine whether the question asks about scarcity, resources, production, consumption, trade, markets, money, or sustainability.
  2. Use the evidence: Public decisions involve competing needs such as schools, roads, safety, health, and environmental protection.
  3. Check the relationship: Connect choices, incentives, resources, prices, production, and environmental effects to confirm the answer.

Public decisions involve competing needs such as schools, roads, safety, health, and environmental protection.

10. QuestionMultiple choice

What is a rational economic choice?

Please select an answer first.

Correct answer: B

The correct answer is A choice that compares costs and benefits and selects the option that best meets a goal..

  1. Identify the economics concept: Determine whether the question asks about scarcity, resources, production, consumption, trade, markets, money, or sustainability.
  2. Use the evidence: Comparing expected costs and benefits helps people make informed choices under scarcity.
  3. Check the relationship: Connect choices, incentives, resources, prices, production, and environmental effects to confirm the answer.

Comparing expected costs and benefits helps people make informed choices under scarcity.

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Frequently asked questions about Grade 6 Economics and Resources

What topics are covered?

The page covers scarcity, needs, wants, opportunity cost, resources, production, consumption, goods, services, specialization, trade, markets, supply, demand, incentives, budgets, saving, economic systems, conservation, pollution, and sustainability.

How should students analyze an economics question?

Identify the scarce resource or choice, determine who produces or consumes, compare costs and benefits, and consider how incentives, trade, markets, or environmental effects influence the result.

How many questions are on this page?

The page includes five mini tests with 10 questions each, for 50 Grade 6 Economics and Resources questions in total.