Market Economy
5th Grade
•10 Qs
Similar activities
Studies
5th Grade
•11 Qs
5th Grade Studies Weekly-Week 5
5th Grade
•11 Qs
SS5H1.a Cattle Trails
5th Grade
•11 Qs
Studies Weekly Exploration - Age of Encounters Week 5
5th Grade
•12 Qs
5th grade Economics
5th Grade
•15 Qs
Supply and Demand 3rd Grade
3rd - 5th Grade
•12 Qs
History Mystery #11
5th Grade
•10 Qs
Studies Weekly 5 Quiz
5th Grade
•10 Qs
Market Economy
Quiz
•
Social Studies
•
5th Grade
•
Easy
Jessica Sutter
Used 27+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is a market economy?
Producers are free to produce what they want, and consumers can buy whatever they want or need.
Producers are told what to produce, and consumers don't have product choices.
Producers are free to produce what they want, but consumers can only buy from one company.
The government controls all aspects of a market, and only a few select items are available.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is supply?
The number of consumers that want something.
The benefit you give up by choosing one thing over another.
The amount of something that is available.
The thing that motivates you to do something.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is demand?
The number of consumers that want something.
The benefit you give up by choosing something over another.
The amount of something that is available.
The thing that motivates you to do something.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When there is a HIGH demand and LOW supply, the price will...
Decrease
Stay the same
Be exactly $1,000,000
Increase
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When there is a LOW demand and HIGH supply, the price will...
Decrease
Stay the same
Be exactly $1,000,000
Increase
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the month of December, sunscreen goes on sale for 50% off the price it sells for in July. What is the supply and demand for sunscreen?
High Demand and Low Supply
Low Demand and High Supply
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During the holiday season, the most popular toy increases in price because many kids want it. What is the supply and demand for the popular toy?
High Demand and Low Supply
Low Demand and High Supply
Create a free account and access millions of resources
Similar Resources on Wayground
15 questions
Consumer
Quiz
•
2nd Grade - University
8 questions
Supply and Demand
Quiz
•
5th Grade
8 questions
Cattle Trails
Quiz
•
5th Grade
11 questions
Supply and Demand
Quiz
•
5th Grade
12 questions
Week 3 Economics Practice
Quiz
•
5th Grade
8 questions
Supply and Demand
Quiz
•
4th - 6th Grade
10 questions
Cowboys and Cattle Trails
Quiz
•
5th Grade
10 questions
CA 2 Review
Quiz
•
5th - 6th Grade
Popular Resources on Wayground
11 questions
Hallway & Bathroom Expectations
Quiz
•
6th - 8th Grade
20 questions
PBIS-HGMS
Quiz
•
6th - 8th Grade
10 questions
"LAST STOP ON MARKET STREET" Vocabulary Quiz
Quiz
•
3rd Grade
19 questions
Fractions to Decimals and Decimals to Fractions
Quiz
•
6th Grade
16 questions
Logic and Venn Diagrams
Quiz
•
12th Grade
15 questions
Compare and Order Decimals
Quiz
•
4th - 5th Grade
20 questions
Simplifying Fractions
Quiz
•
6th Grade
20 questions
Multiplication facts 1-12
Quiz
•
2nd - 3rd Grade