Economics Review

Economics Review

5th Grade

16 Qs

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Economics Review

Economics Review

Assessment

Quiz

Social Studies

5th Grade

Medium

Created by

Simona Sabau

Used 32+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the four major sectors in the U.S. Economy?

Democracy, Economies, Businesses, and Resources

Households, Private Business, and the Government

Consumers, Producers, Supply, and Demand

Households, Private Business, Banks, and the Government

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This sector of our economy is made up of people.

Households

Private Business

Banks

Government

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This sector of our economy provides checking accounts, savings accounts, and loans.

Households

Private Business

Banks

Government

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is something that you can touch or hold.

A good

A service

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This sector of our economy produces goods and services and then sells them to households.

Households

Private Business

Banks

Government

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is a person who makes or provides goods and services

Producer

Consumer

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is a person who buys goods or services.

Producer

Consumer

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