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Basic Economics

Authored by Mahendra Pohare

English

5th Grade

CCSS covered

Used 5+ times

Basic Economics
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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Japan exports cars to the United States.

What is the meaning of the word exports?

Sending goods or services to another country for sale or trade

Receiving goods or services from another country for sale or trade

Producing goods or services within a country for domestic use
Transporting goods or services within a country for distribution

Tags

CCSS.RI.5.4

CCSS.RL.5.1

CCSS.RL.5.4

CCSS.RI.6.4

CCSS.RL.6.4

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Japan imports oil from the United States.

What is the meaning of the word imports?

Selling goods or services to another country for sale or trade

Buying goods or services from another country for sale or trade

Producing goods or services within a country for domestic use
Transporting goods or services within a country for distribution

Tags

CCSS.RI.5.4

CCSS.RL.5.1

CCSS.RL.5.4

CCSS.RL.6.4

CCSS.RI.4.4

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Lot of trade happens between Japan and the United States.

What is the meaning of the word trade?

importing products

negotiating business deals
exchanging goods and services
buying and selling of goods and services

Tags

CCSS.RI.5.4

CCSS.RL.5.1

CCSS.RL.5.4

CCSS.RI.6.4

CCSS.RL.4.4

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a good or service is scarce, its price rises.

What is the meaning of the word scarce?

good quality

insufficient

plenty

abundant

Tags

CCSS.RI.5.4

CCSS.RL.5.1

CCSS.RL.5.4

CCSS.RI.6.4

CCSS.RL.6.4

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a good or service is available abundantly, its price falls.

What is the meaning of the word abundantly?

good quality

insufficient

plenty

abundant

Tags

CCSS.RI.5.4

CCSS.RL.5.1

CCSS.RL.5.4

CCSS.RI.6.4

CCSS.RI.4.4

6.

MATCH QUESTION

1 min • 1 pt

Media Image

Match the following

move to another country or region

transport

sell to another country

scarce

buy and sell goods

trade

insufficient

export

buy from another country

import

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

These are loaded on large cargo ships to transport goods.

What is it called?

boxes
bags
suitcases
containers

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