5th grade Economics

5th grade Economics

5th Grade

15 Qs

quiz-placeholder

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5th grade Economics

5th grade Economics

Assessment

Quiz

Social Studies

5th Grade

Practice Problem

Medium

Created by

Tammie Lampton

Used 63+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The newest video has come out and each store only gets a few of them in stock.

High demand and low supply

Low demand and high supply

Low demand and low supply

High demand and low supply

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

St. Patrick's Day is over, but the store has a lot of party supplies left over.

High demand and low supply

High demand and high supply

Low demand and high supply

Low demand and low supply

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Indiana hasn't had any rain and it has effected important crops.

Price on produce will decrease

Price on produce will increase

It will not have any effect on the price of produce

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Stores have a surplus of wrapping paper after Christmas.

Price on wrapping paper will increase

Price on wrapping paper will stay the same

Price on wrapping paper will decrease

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When supplies are scarce, the prices

do not change

go up

go down

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

We have this type of economy in the United States

Market Economy

Dual Economy

Profit Economy

Market Profit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Someone who supplies goods and services

Manufacturer

Truck driver

Market Economy

Producer

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