Economic Understandings

Economic Understandings

5th Grade

10 Qs

quiz-placeholder

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Economic Understandings

Economic Understandings

Assessment

Quiz

Social Studies

5th Grade

Medium

Created by

Kelley Holmes

Used 36+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

1.      How did price incentives motivate cowboys to drive their cattle all the way up to Kansas?

The cows were worth more money if they got lots of exercise so they drove them up to Kansas for exerci

  Less cattle were raised on the east coast, so if they could get the cattle to east coast by railroad, they could sell them for more mone

Less cattle were raised on the east coast, so if they could get the cattle to east coast by railroad, they could sell them for more money.

The cows were worth more money if they got lots of exercise so they drove them up to Kansas for exercise.

2.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

  How did specialization in steel production help improve the standard of living in Pittsburgh in the late 1800’s and early 1900’s?

  Pittsburgh struggled to pay their workers because they specialized only in steel production.

  Pittsburgh specialized in steel and as a result most of the other businesses in Pittsburgh went out of business.

Pittsburgh became the best at producing steel so its factories became very successful and many people moved to Pittsburgh to find jobs and a higher standard of living

Pittsburgh did not specialize in steel production, so it was not affected.

3.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

Which of the following best explains specialization?

Specialization is trying to become good at many different things, so that you can be the best at everything.

  Specialization is when a city feels very special because of their outstanding performance in business.

Specialization is when a city has sales in all the stores in the city and there are many “specials” going on in each store.

Specialization is when you focus at doing one thing really well, so that you can be the best at that one thing.

4.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

In supply and demand, supply means

the amount of money people want to spend

The same as demand

something you give people before they ask for it

the amount of something that people want to sell

5.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

Media Image

What letter correctly shows the location of the Wright Brothers first flight at Kitty Hawk?

A

B

C

D

6.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

Media Image

The image below is showing what man-made location?

Great Western Trail

Chilsholm Trail

Kitty Hawk

Transcontinental Railroad

7.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

Pittsburgh is located on the banks of three rivers.  How did this impact its growth as a center of steel production?

They used the water to cool off from the hot steel mills.

The rivers provided transportation for supplies and finished steel.

  Rivers had nothing to do with Pittsburgh’s growth.

Water is an important part of the steel making process.

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