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Economy Quiz

Authored by Marie Hall

Social Studies

5th Grade

Used 27+ times

Economy Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are consumers?

people who like to eat a lot

people who buy goods and services

cats and dogs

goods and services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are producers?

People who provide goods or supply a service

people who cut hair

people who make money

parents

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What are two ways companies get consumers to want to buy things?

singing a song

using advertisements

cartoons and catchy songs

tv shows

4.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What are two examples of goods and services?

buying snacks at lunch time

swimming in the pool

reading a book with a friend

going to the salon or barber to get a hair cut or style

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a budget?

saving money

paying for your expenses

looking at your income

a plan of how to manage your money

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is income?

amount of money coming in

amount of money going out

coming into the house

paying bills

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are expenses

food and candy

amount of money going out

savings

junk foog

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