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Economics basics

Authored by Andy Waesch

Geography, Social Studies

5th Grade

CCSS covered

Used 907+ times

Economics basics
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15 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Trading something for something else - no currency involved

demand
barter
goods
market

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A person who buys goods and services

consumer
entrepreneur
resource
currency

Tags

CCSS.RI.5.2

CCSS.RL.4.1

CCSS.RL.5.1

CCSS.RL.5.2

CCSS.RL.6.1

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The using up of a resource

scarcity
supply
services
consumption

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

another word for money

barter
economics
currency
price

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How much people want something

supply
demand

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The making, buying and selling of goods and services

economics
inflation
market
barter

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Individuals who come up with a new idea for a good or service, then they make it a reality

resource
human resources
consumer
entrepreneur

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