Social Studies Economics Review

Social Studies Economics Review

5th Grade

23 Qs

quiz-placeholder

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Social Studies Economics Review

Social Studies Economics Review

Assessment

Quiz

Social Studies

5th Grade

Medium

Created by

Kaitrin Packett

Used 15+ times

FREE Resource

23 questions

Show all answers

1.

MATCH QUESTION

5 mins • 5 pts

Match the following

Interdepend-ence

The thing you give up when you buy

something else

Opportunity Cost

Anything used to produce goods

Barter

Trading without using money

Specialization

Depending on others to produce things

that you need

Resource

Making one kind of good or service

2.

MATCH QUESTION

5 mins • 5 pts

Match the following

Scarcity

A country’s system of money

Currency

To give money to a bank

Deposit

Not having enough of something

3.

MULTIPLE CHOICE QUESTION

3 mins • 2 pts

Which list shows only needs?

nail polish, television, sweater

sweater, water, apple

shoes, shirt, necklace

water, shirt, nail polish

4.

MULTIPLE CHOICE QUESTION

3 mins • 2 pts

When you go to the store and buy a bag of potato chips, you are a

producer

consumer

natural resource

human resource

5.

MULTIPLE CHOICE QUESTION

5 mins • 2 pts

Which is an example of bartering?

Tim gave his cookie to Rita. Rita gave Tim an apple in exchange

Lisa washed Mrs. Daniel’s car. Mrs. Daniel paid Lisa $5.

Becky’s mother wrote a check for groceries at the grocery store.

Mary gave Susan a present for her birthday.

6.

MULTIPLE CHOICE QUESTION

3 mins • 2 pts

Which item is not a service?

haircut

piano lessons

car wash

a pack of gum

7.

MULTIPLE CHOICE QUESTION

3 mins • 2 pts

In July, a store is running low on sunscreen. What is the supply and

demand for sunscreen?

high demand and high supply

high demand and low supply

low demand and low supply

low demand and high supply

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