Understanding Basic Economic Concepts

Understanding Basic Economic Concepts

5th Grade

16 Qs

quiz-placeholder

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Understanding Basic Economic Concepts

Understanding Basic Economic Concepts

Assessment

Quiz

Social Studies

5th Grade

Medium

Created by

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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