Economics

Economics

5th Grade

25 Qs

quiz-placeholder

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Economics

Economics

Assessment

Quiz

Social Studies

5th Grade

Medium

Used 12+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Supply and demand determines how much an item costs.

Traditional

Communist

Free Enterprise System

Socialist

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________________ are people who use services or buy goods.

Producers

Resources

Pretty

Consumers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The good or service that you give up when you make an economic choice is called _____________________.

opportunity cost

economic choice

economic interdependence

economic specialization

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The term used when there is not enough of something to go around is __________________.

scarcity

economic choices

resources

opportunity cost

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What type of resources are these?

capital

natural

nautical

human

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Income set aside for unexpected expenses

savings

goods

services

producer

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

money paid to the government through income, sales, and purchase of property

taxes

goods

scarcity

human resource

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