Economics Review

Economics Review

5th Grade

31 Qs

quiz-placeholder

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Economics Review

Economics Review

Assessment

Quiz

Social Studies

5th Grade

Medium

CCSS
8.EE.B.5

Standards-aligned

Created by

ANNA MASHBURN

Used 7+ times

FREE Resource

31 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Kate needs school supplies, yet she wants to buy the latest Shopkins. She only has enough money to buy school supplies.
What should she do?

Buy the Shopkins. Her teacher will understand.
Buy the Shopkins. Ask someone else to buy her school supplies.
Buy the school supplies. Start saving her money for the Shopkins.
Buy only part of what she needs so she can spend the rest on Shopkins.

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The making, buying and selling of goods and services

economics
inflation
market
barter

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How much people want something

supply
demand

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How much of something is available

supply
demand

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the demand of a product goes up, the price goes

down

up

stays the same

none of the above

Tags

CCSS.8.EE.B.5

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Movie ticket prices increase. What happens to the demand?

The demand goes up.
The demand goes down.
The demand stays the same.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The ___________________ of turkey at the grocery store increases during November because of Thanksgiving.

barter

opportunity cost

supply

economy

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