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3rd Social Studies I3 Review

Total questions: 25

Worksheet time: 50mins

Name
Class
Date
1.
A free market is when you can ___________ what to buy and sell. 
a)
supply
b)
choose
c)
earn
d)
save
2.
A job or task that you pay someone to do for you is called a 
a)
service
b)
good
c)
savings
d)
scarcity
3.
Something that can be bought, sold, or traded is a...
a)
service
b)
good
c)
savings
d)
scarcity
4.
A place where buyers come together is called a
a)
bank
b)
market
c)
incentive
d)
profit
5.
If you can't get the item you want or need, this can cause...
a)
supply
b)
good citizenship
c)
income
d)
scarcity
6.
You go to the mall and find somethings you want to buy. Which situation is best? 
a)
The prices are very high and the quality is good. 
b)
The prices are very high and the quality is poor. 
c)
The prices are low and the quality is good. 
d)
The prices are low and the quality is low. 
7.
Ms. Nelson put $100 in the bank to save. Later, she saw the bank paid her a little bit of money for using the bank and now she has $110. This is called...
a)
goods
b)
investment
c)
interest
d)
scarcity
8.
When you pay all of your expenses and still have money left over, you have made a 
a)
supply
b)
profit
c)
interest
d)
consumer
9.
You have the ONLY red marker in the class and everyone wants to use it. You can set the price however high or low. This is a result of...
a)
spending and saving
b)
supply and demand
c)
donating and profit
d)
budget and invest
10.
Jonathan needs $7 more to buy a Transformers toy. He gets paid money by doing chores at home. Doing chores is an example of...
a)
spending
b)
donating
c)
earning
d)
supplying
11.
Andre set a goal to earn money so he can buy a new game. He can put money he earns in a bank. This is an example of...
a)
scarcity
b)
market
c)
donating
d)
saving
12.
Japan's wet climate is good for growing rice. As a result, rice is a very common food there. This is an example of how people in Japan are affected by the _______________. 
a)
environment
b)
language
c)
goverment
d)
economy
13.
This sign is in Chinese. The person is speaking in Spanish. This is an example of communities sharing different....
a)
food
b)
languages
c)
laws
d)
oceans
14.
Which continent is marked in the picture? 
a)
North America
b)
South America
c)
Australia
d)
Africa
15.
Which continent is marked in the picture? 
a)
North America
b)
South America
c)
Australia
d)
Africa
16.
Which continent is marked in the picture? 
a)
Antarctica
b)
South America
c)
Europe
d)
Asia
17.
Which continent is marked in the picture? 
a)
Asia
b)
South America
c)
Australia
d)
Africa
18.
Which continent is marked in the picture? 
a)
Asia
b)
South America
c)
Australia
d)
Africa
19.
Which continent is marked in the picture? 
a)
Antarctica
b)
South America
c)
Australia
d)
Africa
20.
Which continent is marked in the picture? 
a)
Europe
b)
Asia
c)
Australia
d)
Antarctica
21.
What direction would you travel to get FROM the park TO the fire department?
a)
north
b)
east
c)
south
d)
west
22.
What direction would you travel to get FROM the park TO the school?
a)
north
b)
east
c)
south
d)
west
23.
What direction would you travel to get FROM the library TO the post office?
a)
north
b)
east
c)
south
d)
west
24.
Which natural resource should you CONSERVE if you are in the desert?
a)
sand
b)
heat
c)
cactus
d)
water
25.
Bees make honey, but many bees are dying! What happens to the price of honey if there are less bees to make it? 
a)
Beekeepers will lower the price of honey.
b)
Beekeepers will keep the prices the same. 
c)
Beekeepers will raise the cost of honey. 
d)
Beekeepers will sell more even more honey.