Social Studies- Economics Review

What is the meaning of the word "earn" in this sentence?

• Community Service

• Selling Products

• To Be Paid For Work

• Spending Money

Tags

CCSS.RI.2.4

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.RL.3.4

CCSS.RL.4.4

How do people pay for the things they need and want?

• By buying groceries online

• By earning money by working

• By adopting a new pet

• By going to school

How does Claire spend most of her money?

• Savings

• Food

• Charity

• Clothing

Which statement is supported by the details provided?

• The tourism industry only provides recreation

• The tourism industry supports all types of workers

• Tourism does not generate much money

• Tourism is not a service-based industry

Tags

CCSS.RI.2.1

CCSS.RI.3.2

CCSS.RL.2.2

CCSS.RL.3.1

CCSS.RL.3.2

Which sentence is the best example of spending money on a need?

• Juan bought a used baseball glove

• Jason bought two bags of candy

• Sierra bought a new video game

• Sally bought food to make for dinner

Tags

CCSS.RI.4.1

CCSS.RI.5.1

CCSS.RL.4.1

CCSS.RL.5.1

CCSS.RL.6.1

Which word helps the reader understand the meaning of the word "donating"?

• Things

• Problems

• Resources

• Given

Tags

CCSS.RI.2.4

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.RL.3.4

CCSS.RL.4.4

How much money will Claire have saved after three months?

• $80

• $20

• $60

• $30

Tags

CCSS.3.OA.A.3

Which phrase helps the reader understand the meaning of the word "scarcity."

• Produce

• Not Enough

• Product or Service

• To Sell

Tags

CCSS.RI.2.4

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.RL.3.4

CCSS.RL.4.4

Which of the following would result in scarcity?

• Tiffany's chickens produce dozens of eggs

• Julissa's orange orchard has a large harvest

• A small town has five toy stores

• Drought affects the crops in a region

How did Henry Ford change the manufacturing process?

• He bought supplies from the lowest-priced seller

• He stocked the shelves with low priced goods

• He created a new way to ship goods

• He invented the assembly line