Our Market Economy Vocabulary Quiz

Our Market Economy Vocabulary Quiz

5th Grade

14 Qs

quiz-placeholder

Similar activities

US Economy

US Economy

SSA Lesson 8- Understanding Our Economy

SSA Lesson 8- Understanding Our Economy

What type of economy is this?

What type of economy is this?

Economy

Economy

Goods & Services

Goods & Services

Economic Intro Review

Economic Intro Review

Sharing Economy and Gig Economy Quiz

Sharing Economy and Gig Economy Quiz

SS review

SS review

Our Market Economy Vocabulary Quiz

Our Market Economy Vocabulary Quiz

Assessment

Quiz

Social Studies

5th Grade

Practice Problem

Medium

Created by

Tanjela Finch

Used 415+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Demand – Consumers’ desire to buy a particular good or service

True

False

I have no idea.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumers – Someone who buys or uses goods and services

True

False

I have no idea.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit Card

A card that a person uses to borrow the money to buy goods and services; the cardholder then pays the total amount later by a set due date.

A card that a person uses to borrow the money to buy goods and services; the cardholder doesn't pay back the total amount.

An agreement between countries that makes it easier for businesses in those countries to export and import goods.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An agreement between countries that makes it easier for businesses in those countries to export and import goods.

import

Trade Agreement

Export

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of goods or services available for a consumer to buy

Demand

Supply

I have no idea.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system in which people are free to start their own businesses or to do whatever work they want. Also called capitalism or free market system

Bank Account

Free Enterprise System

Trade Agreement

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Competition – The struggle between two or more businesses for the money or consumers

True

False

I have no idea.

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?