Trade and Markets

Trade and Markets

3rd - 4th Grade

40 Qs

quiz-placeholder

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Trade and Markets

Trade and Markets

Assessment

Quiz

Social Studies

3rd - 4th Grade

Medium

CCSS
HSF-LE.A.1B

Standards-aligned

Created by

Yven Jesus

Used 63+ times

FREE Resource

40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image

Barter system is the exchange of goods and cash.

True

False

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following are qualities of money?

It's Portable- can be carried around easily.

It's Durable- lasts a long time without breaking down.

It's Acceptable- accepted as payment for goods & services.

It's Divisible- can be divided into smaller units.

All of the above are qualities of money.

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following examples show bartering?

Bob needs apples so he walks down to the local apple grower and exchanges 5 of his oranges for 5 apples.

Ms. Thomas brought her puppy a pup cup from Starbucks. Her puppy was happy!

Mrs. Rowland went to the grocery store and bought beef jerky.

Mrs. Whetstone went to an auction & bid $1000 for a truck full of pickles.

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following scenarios shows trade through currency?

Cindy exchanges 2 eggs for 2 cups of flour with her neighbor.

Ms. Thomas purchased a dog from a breeder.

Mrs. Huff traded her 2 pieces of chocolate for Mrs. Whetstone's piece of cake.

None of the above show trade through currency.

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What will happen to the price of teddy bears if puppy dogs become the most popular stuffed toy?

The price will increase

The price will decrease

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What will happen to the price of soccer balls if more and more boys and girls are learning to play soccer?

The price will increase

The price will decrease

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What will happen to the price of tomatoes if more farmers decide to start growing tomatoes?

The price will increase

The price will decrease

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