Basic Economics
5th Grade
•11 Qs
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Basic Economics
Quiz
•
English
•
5th Grade
•
Practice Problem
•
Medium
+4
Standards-aligned
Mahendra Pohare
Used 5+ times
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11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Japan exports cars to the United States.
What is the meaning of the word exports?
Receiving goods or services from another country for sale or trade
Tags
CCSS.RI.4.4
CCSS.RI.5.4
CCSS.RL.5.1
CCSS.RL.5.4
CCSS.RL.6.4
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Japan imports oil from the United States.
What is the meaning of the word imports?
Selling goods or services to another country for sale or trade
Buying goods or services from another country for sale or trade
Tags
CCSS.RI.4.4
CCSS.RI.5.4
CCSS.RL.4.4
CCSS.RL.5.1
CCSS.RL.5.4
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Lot of trade happens between Japan and the United States.
What is the meaning of the word trade?
importing products
Tags
CCSS.RI.4.4
CCSS.RI.5.4
CCSS.RL.5.1
CCSS.RL.5.4
CCSS.RL.6.4
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a good or service is scarce, its price rises.
What is the meaning of the word scarce?
good quality
insufficient
plenty
abundant
Tags
CCSS.RI.4.4
CCSS.RI.5.4
CCSS.RL.4.4
CCSS.RL.5.1
CCSS.RL.5.4
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a good or service is available abundantly, its price falls.
What is the meaning of the word abundantly?
good quality
insufficient
plenty
abundant
Tags
CCSS.RI.4.4
CCSS.RI.5.4
CCSS.RI.6.4
CCSS.RL.5.1
CCSS.RL.5.4
6.
MATCH QUESTION
1 min • 1 pt
Match the following
sell to another country
scarce
insufficient
transport
buy and sell goods
import
buy from another country
export
move to another country or region
trade
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These are loaded on large cargo ships to transport goods.
What is it called?
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