5th grade Economics

Quiz
•
Social Studies
•
5th Grade
•
Medium
Tammie Lampton
Used 60+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The newest video has come out and each store only gets a few of them in stock.
High demand and low supply
Low demand and high supply
Low demand and low supply
High demand and low supply
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
St. Patrick's Day is over, but the store has a lot of party supplies left over.
High demand and low supply
High demand and high supply
Low demand and high supply
Low demand and low supply
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Indiana hasn't had any rain and it has effected important crops.
Price on produce will decrease
Price on produce will increase
It will not have any effect on the price of produce
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Stores have a surplus of wrapping paper after Christmas.
Price on wrapping paper will increase
Price on wrapping paper will stay the same
Price on wrapping paper will decrease
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When supplies are scarce, the prices
do not change
go up
go down
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
We have this type of economy in the United States
Market Economy
Dual Economy
Profit Economy
Market Profit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Someone who supplies goods and services
Manufacturer
Truck driver
Market Economy
Producer
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