Free market quiz

Free market quiz

1st - 5th Grade

9 Qs

quiz-placeholder

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Grade 5 Social  Studies Diagnostic Task : #1

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Free market quiz

Free market quiz

Assessment

Quiz

Social Studies

1st - 5th Grade

Easy

Created by

Stuart Welborn

Used 1+ times

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9 questions

Show all answers

1.

CLASSIFICATION QUESTION

15 mins • 20 pts

Organize these options into the right categories

Groups:

(a) Free market economy

,

(b) NOT a free market economy

A seller can choose whatever he wants to sell.

You can only do a select number of jobs.

You can choose any job you want.

Businesses choose how they pay their workers.

A wide variety of goods

The goverment sets the prices.

Only a few goods available

Often there are long lines to buy goods.

You have to only one type of store.

Sellers can choose what they want to sell.

2.

MULTIPLE CHOICE QUESTION

15 mins • 10 pts

Media Image

Goods or services

Good
Service

3.

MULTIPLE CHOICE QUESTION

15 mins • 10 pts

Media Image

Goods or Services

Good
Service

4.

MULTIPLE CHOICE QUESTION

15 mins • 10 pts

In a free market, people are allowed to decide what to sell and _________

when to eat it
for what price
take it to their moms
for what to dance to

5.

MULTIPLE CHOICE QUESTION

15 mins • 10 pts

When people want more things than they can actually have

economy
free market economy
scarcity

6.

MULTIPLE CHOICE QUESTION

15 mins • 10 pts

Tasks you pay someone to do for you

goods
services
market

7.

MULTIPLE CHOICE QUESTION

15 mins • 10 pts

A place where buyers and sellers come together

goods
services
market

8.

MULTIPLE CHOICE QUESTION

15 mins • 10 pts

The system in which goods and services are bought and sold

economy
free market economy
scarcity

9.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

The system in which goods and services are bought and sold

economy
free market economy
scarcity