Chapter 8 Economics

Chapter 8 Economics

1st Grade

10 Qs

quiz-placeholder

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Chapter 8 Economics

Chapter 8 Economics

Assessment

Quiz

Social Studies

1st Grade

Practice Problem

Easy

Created by

Kimberly Torres

Used 20+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which statement is true?

All decisions are easy to make

Decisions only have costs

All decisions have costs and benefits

Decisions only have benefits

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why do people save money?

They can write a check to pay for something

They like to spend paper bills and coins

They want to buy something later when they have enough money

They want to sell things before they buy anything

Answer explanation

Media Image

When you want to buy something expensive like a switch you have to save lots of money before you can buy it

3.

MULTIPLE CHOICE QUESTION

1 min • Ungraded

Which picture shows a consumer?

Media Image
Media Image
Media Image
Media Image

4.

DRAW QUESTION

1 min • Ungraded

Draw a line from the word to the correct definition.

Media Image

Answer explanation

Media Image

Cost = giving something up

Benefit = you gain something

5.

MULTIPLE CHOICE QUESTION

1 min • Ungraded

People are consumers when they__

know all their choices

make goods and services

save their money to spend later

buy or use goods and services

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which picture shows a producer?

Media Image
Media Image
Media Image
Media Image

Answer explanation

Media Image

The baker is trying to sell his bread. He is a producer

7.

MULTIPLE CHOICE QUESTION

1 min • Ungraded

What happens when people cannot have all the goods and

services they want?

They make a choice

They sell their goods

They find a free service

They take somebody else's goods

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