2nd Marking Period Social Studies Exam 2025 Economics

Economics is important because it (a)   us everyday.

Tags

CCSS.RI.3.2

CCSS.RL.2.2

CCSS.RL.3.1

CCSS.RL.3.2

CCSS.RL.4.1

Fill in the blanks.

People plan on how to spend their money by deciding what they __________ or __________.

• save
• spend
• need

• want

Tags

CCSS.RI.3.2

CCSS.RL.2.2

CCSS.RL.3.1

CCSS.RL.3.2

CCSS.RL.2.1

What does making a budget involve making?

• money

• decisions

• needs

• wants

Match the definition of the vocabulary words.

• to swap or give up one item for another

• buyer

• people who run or own a business

• employee

• someone who sells goods or services

• employer

• people who for a business

• exchange

• someone who buys goods or services

• seller

Tags

CCSS.L.2.4B

CCSS.L.2.4C

CCSS.L.3.2E

Give an example of a good.

Select all the ways buyers get goods and services.

• shops

• stores

• online

Goods can be sold on the internet.

• True

• False

Select the 3 types of resources.

• natural

• human

• capital

• business

Match the resource with its definition.

• goods produced and used to make other

• capital resource

• materials that are found in nature

• human resource

• the people who work for a business

• natural resource

Give an example of how a natural resource that can be used in their natural form.