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Economy - How We Organize Ourselves

Authored by María Campos Bel

Social Studies

5th Grade

Used 25+ times

Economy - How We Organize Ourselves
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31 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economy is...

The system of production, distribution, and control of people.

The system of production, distribution, and exchange of ideas.

The system of production, distribution, and consumption of goods and services.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the economy based on?

Needs and wants

Money and goods

Services and taxes

Wants and desires

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between a "need" and a "want"?

Needs are optional, and wants are essential

Needs and wants are the same

Wants are only for rich people

Needs are essential, and wants are optional

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a "need"?

  • Ice cream

Water

Toys

Swimming pool

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a "want"?

  • Education

  • Bread

Soft drink

Coat

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of these are "goods"? Choose the right ones?

Teacher

Book

Doctor

Bread

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of these are "services"? Choose the right ones?

Teacher

Book

Doctor

Bread

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