Economics Review

Economics Review

5th Grade

30 Qs

quiz-placeholder

Similar activities

Nigeria

Nigeria

5th Grade

25 Qs

ENVIRONMENTAL POLLUTION

ENVIRONMENTAL POLLUTION

2nd Grade - Professional Development

25 Qs

BTN Classroom Episode 30 Quiz

BTN Classroom Episode 30 Quiz

4th Grade - University

25 Qs

Population, Our past & Features of  maps

Population, Our past & Features of maps

1st - 5th Grade

26 Qs

LA GUERRA DEL CHACO

LA GUERRA DEL CHACO

4th - 6th Grade

25 Qs

Quiz 3 - Agriculture and Livestock

Quiz 3 - Agriculture and Livestock

3rd - 5th Grade

26 Qs

HASS-review SEM1

HASS-review SEM1

5th Grade

25 Qs

La Liga Filipina and the Founding of the Katipunan

La Liga Filipina and the Founding of the Katipunan

5th Grade

25 Qs

Economics Review

Economics Review

Assessment

Quiz

Social Studies

5th Grade

Easy

Created by

Jodi Brooks

Used 11+ times

FREE Resource

AI

Enhance your content in a minute

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

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The amount of a product available

demand

opportunity cost

scarcity

supply

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

If there are 25 students that need a social studies book, but the teacher only has 20, this is an example of what?

demand

opportunity cost

scarcity

supply

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Emily has the choice between buying her new favorite movie on DVD or getting the new pair of sandals she has been wanting. If Emily chooses the shoes, what is her opportunity cost?

the shoes

the movie on DVD

both the shoes and the DVD

the price of the items she buys

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Someone that provides a good or a service is known as the

consumer

buyer

seller

producer

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Someone that buys a good or a service is known as the

consumer

entrepreneur

seller

producer

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Roger is trying to make some money mowing lawns. He posted flyers on his street, but has only gotten a few customers. What could he do in order to get more customers?

mow lawns without asking, then ask for money

post flyers on other streets nearby

charge a higher price for his service

stop mowing lawns

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Opportunity cost is

the selling of a good or service

not having enough of a good or service to meet the demand

what you give up when you choose to buy or do something else

someone who buys a good or a service

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?