Economics

Economics

4th - 5th Grade

10 Qs

quiz-placeholder

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Economics

Economics

Assessment

Quiz

Other

4th - 5th Grade

Hard

Used 136+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
What is the definition of economics?
The study of human behavior and attitudes
The study of past events and the impact they have had on people
The study of political and social interactions
The study of the production and distribution of goods and services

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
In economics there are exports and imports. Which of the following is an example of a United States export?
A television made in China and sold in the United States
A car made in Mexico and sold in Mexico
A radio made in the United States and sold in the United States
A computer made in the United States and sold in Indonesia

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
In economics, there are imports and exports. An import is _________.
Merchandise shipped to a foreign country
A tax on goods shipped to a foreign country
Merchandise shipped from a foreign country
A tax on goods shipped from a foreign country

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
One of the important parts of economics is interdependence. Which of the following is an example of interdependence?
People make their own clothing.
People often move to places that aren't as crowded.
People need goods and services provided by other people.
People grow their own food.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
Trade is the exchange of goods and services. International trade sometimes involves the use of tariffs. Tariffs are __________.
a tax on imports
goods shipped to a country
a tax on exports
goods shipped from a country

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
Which of the following is an example of economics?
The government of the United States is divided into three branches.
The United States declared its independence from Great Britain.
The people of the United States come from many different places.
The United States buys oil for use at home from other countries.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
Supply and demand affect goods and services in an economy. If people decide to buy more of a product, producers will MOST likely decide to ________.
make more of the product
change the name of the product
make less of the product
lower the cost of the product

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