Understanding Basic Economic Concepts
Quiz
•
Social Studies
•
5th Grade
•
Medium
Tanya King
Used 1+ times
FREE Resource
16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a plan that details how money will be earned and spent
a guess how much money you make
choice
budget
a savings plan
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a decision between two or more options
budget
choice
goods
need
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
things that are made or grown and then sold
choice
budget
need
goods
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
something required for survival
want
choice
budget
need
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
to set aside money for a later use
save
spend
budget
choice
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the performance of a duty or work for another person
goods
services
spend
want
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
give money to pay for something
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