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Intro to economics

Authored by Kimberly Simpson

Social Studies

5th Grade

15 Questions

CCSS covered

Used 9+ times

Intro to economics
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

James has decided that he wants to buy a new bike that cost $125 and he only has $75. Does he need to save or spend his money?

Save

Spend

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Imani would like to buy a new outfit for Nadya's party. She has $48 and the new outfit that she wants is $58. Should she save or spend her money?

save

spend

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic choices include deciding how to...

earn money

spend money

save money

all of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these things is a "need" and not a "want"?

shoes to keep your feet warm & protected

a really nice house/apartment to live in

going to an fancy college or prep school

a smartphone with data/internet access

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is the study of economies, or, how people in a society get...

trade goods

goods and services

work and income (money)

debt

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Why do most teenagers spend their money on WANTS?

Because their parents take care of their needs

Because they do not earn very much money

Because they have not been forced to save money for needs

Because they only buy inexpensive items

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

My family is going on vacation this summer, so we are sticking to a ______ to save money.

Income
Savings
Budget
Expenses

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

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