Social Studies Economics Review
Quiz
•
Social Studies
•
5th Grade
•
Medium
Kaitrin Packett
Used 15+ times
FREE Resource
23 questions
Show all answers
1.
MATCH QUESTION
5 mins • 5 pts
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
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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