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Mod 5 Economics (m)

Authored by Tonya Pearce

Geography, Social Studies

3rd - 7th Grade

Used 23+ times

Mod 5 Economics (m)
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20 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is economics?

the study of how resources are used, made, distributed, consumed, and exchanged

the study of the environment and how to care for it

the study of the USA and its grocery stores

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Something you buy or use is called a ____________.

service

good

coins

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An action someone does for a person who pays them is called a _____________.

good

coins

service

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Before people used money to purchase goods and services, they traded items. This form of exchanging items is called _______________.

mutual agreement

bartering

shopping

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Anything can be used for money if people agree on the value assigned to it.

True

False

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Turkey was the first to use what type of money?

paper

seashells

coins

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Goods can be ___________ or ____________.

made or grown

cooked or raised

sweet or sour

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