Unit 1: Choices & Consequences Vocabulary

Unit 1: Choices & Consequences Vocabulary

5th Grade

31 Qs

quiz-placeholder

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Unit 1: Choices & Consequences Vocabulary

Unit 1: Choices & Consequences Vocabulary

Assessment

Quiz

Social Studies

5th Grade

Medium

Created by

Lee Appel

Used 46+ times

FREE Resource

31 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of opportunity cost?

The chance that you will lose your money.

The money you spend to buy something.

All of the choices you could have made but didn't

The next best alternative that you give up

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All goods, such as buildings, tools, and equipment used in the production of goods and services.

human resources

capital goods

opportunity cost

natural resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Process of dividing work into various parts and having workers responsible for specific tasks during the production process.
specialization
division of labor
human resources
natural resources

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Someone who provides a service or a good

Producer

Consumer

Capital resources

Supply

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Productive resources supplied by nature are called

Division of Labor

Natural resources

Capital resources

Human resources

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

A grocery store: Capital resources include (check all that apply)

money

cash register

stock market

shelves

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

You do the dishes, your brother cleans the bathroom, and your mom folds the laundry. What is this an example of?

productive capacity

free market

division of labor

opportunity cost

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