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Economics

Authored by Debra Currier

Social Studies

5th Grade

Used 2+ times

Economics
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is the purpose of an advertisement?

to convince us that we need something enough to buy it, even if we only want it.

So we can watch it on TV.

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The United States has a Market Economy. Which statement best descirbes a Market Economy.

producers are free to decide what to produce, consumers are free to buy whateve they need and want

The government controls what you can buy.

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

It is better if you have more income (Money) than expenses (Bills).

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

How does a budget help you get things you want?

Budgets help us plan ahead and save money for things we want after buying things we need.

Budgets help you lose money

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is credit?

we borrow money and pay later

we loan money to other people

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is debt?

Money we owe to someone

Money in our pocket

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What are the four sectors of the United States Economy?

Household, Government, Business and Banking

food, clothes, money and kids

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