Chapter 6 Lesson 5 Economy

Chapter 6 Lesson 5 Economy

3rd Grade

9 Qs

quiz-placeholder

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Chapter 6 Lesson 5 Economy

Chapter 6 Lesson 5 Economy

Assessment

Quiz

Social Studies

3rd Grade

Hard

Created by

Kristen Musselman

Used 2+ times

FREE Resource

9 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which evidence from the text best supports the inference that going to school can help students prepare for future jobs? Choose two sentences.

You have learned that people get paid an income for the work they do.

However, we don’t always get paid for the jobs we do.

Your job right now is to go to school.

The subjects you study in school help you ‘earn’ or gain knowledge.

All the things you learn help you build your human capital.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the word benefit mean?

something that helps a person

something that a person needs

something that harms a person

something that a person earns

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Look at page 298 in your Research Companion. Which statement best explains what Jamie would give up if he purchased the bike?

He could buy both a tool to play games and ride to school.

He would not have a tool that could save him time with chores.

He would not have a tool that he could use for school and for fun.

He would not have a tool that would help him travel from place to place.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an example of a want?

Rent for an apartment

A vacation to the beach

Groceries used to make lunches and dinner

Shoes to wear to work or school

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Part A: Which statement best explains why it is a good idea to have a budget?

It helps a person earn more income.

It helps a person earn more human capital.

It helps a person choose which bank to use.

It helps a person decide how to spend money.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Part B: Which evidence from the text best supports the correct response to Part A?

“Another way to help make buying decisions is to keep a budget.”

“It shows all the income expected in a week or month.”

“It also shows all the expenses that must be paid each week or month.”

“The money left over can be used for anything.”

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which evidence from the text best supports the inference that saving money is a good idea?

A. “Every buying choice involves a tradeoff.”

B. “The money left over can be used for anything.”

C. “What happens if a family has an expense it did not expect?”

D. “Sometimes a buyer’s decision may be not to spend any money at all.”

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is budgeting ?


Choices you make.

In short, a budget is a A plan to manage money effectively.

The cost of living

A plan to spend and use your credit card and not go into debt.

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is the meaning of saving?

The process of putting money into a property

The process of putting money to get the profit

The process of saving money through a bank

The process of putting money into a commercial venture