Economics and Geography

Economics and Geography

5th - 6th Grade

21 Qs

quiz-placeholder

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Economics and Geography

Economics and Geography

Assessment

Quiz

Other Sciences

5th - 6th Grade

Easy

Created by

Guy Whitman

Used 202+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the study of how people and governments meet their wants and needs? (the science that deals with the production, distribution, and consumption of goods and services? pg. 58

Scarcity

Supply

Economics

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is the difference between my wants and the reality of what I can actually afford. I want the new iPhone XS, but I cannot afford $999.00 for a phone. pg. 58

Demand

Profits

Scarcity

Consumers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do countries and individuals trade goods and services?
Because they gain something from the trade.
Because they are forced to trade by the government.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The struggle between businesses selling the same goods (ex: Best Buy v.s. Walmart). pg. 60
Supply
Demand
Competition

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People or businesses that buy, or use, products. pg. 59

Profits

Incentive

Consumers

Producers

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Another name for money (paper and metal coins) pg. 60 not highlighted
Peso
Currency
Supply
Bling

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The desire for a certain good or service. pg. 59
Barter
Import
Demand

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