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WorksheetsEconomics Study Guide
Total questions: 21
Worksheet time: 11mins
Caleb, Draven, and Silas ate a corn dogs at the fair. In this case, they were
consumers
producers
barterers
an exporter
Trade between Mexico and the U.S. is considered
international trade
opportunity cost
bartering trade
budget
Audri's dad started a new business that puts steps on the porches of new houses. He is a(n)
Entrepreneur
supply
demand
historian
Claire and Adison traded a cookie for a cupcake today at lunch. This is an example of
bartering
opportunity cost
supply and demand
budgeting
Taxes are
money that the government collects from individuals and businesses to pay for public goods and services.
reflective of bartering within counties.
importing and exporting of automobiles.
money that causes supply and demand.
A teacher is a
human resource
natural resource
capital resource
A computer is a(n)
human resource.
capital resource.
natural resources.
unlimited resource.
We have 22 computers and 26 students. This is an example of
scarcity.
opportunity cost.
supply and demand
producer.
Mrs. Z is having a fun party with LOTS of fun math and cool worksheets. Rihana, Angie, Haidyn, Brooklyn and Abby are having a pool party at the same time. Everyone comes to Mrs. Z's party because everyone loves math and worksheets! :) The girl's party is an example of
an opportunity cost.
income.
scarcity.
consumerism.
RoRo and Emma are making bracelets for their friends. They are
consumers.
producers.
collecting taxes.
natural resources.
When supply is high and the demand is low, the price for goods
goes up.
stays the same.
goes down.
Dakota's Dinner, Graham Grill, and Leland Luncheon all sell ham sandwiches. This is an example of
competition.
importing goods.
bartering.
exporting goods.
The United States gets brakes shoes for Mexico for Ford Trucks. This is an example of the United States
importing.
supply and demand.
opportunity cost.
exporting.
US sends wheat to China. This is an example of
importing.
exporting.
supply and demand.
taxes.
Terra cleaned Kara's cubby out so Kara would clean Terra's table off. This is an example of
bartering.
exporting.
importing.
opportunity cost.
Trees are a(n)
natural resource.
human resource.
opportunity cost.
When communities, states, and countries rely on one another for goods and services, this is a type of
interdependence.
opportunity cost.
supply and demand.
independence.
When a clothing manufacturer announces that it will no longer make its most popular women's tops, what do you think will happen to the price of the tops?
the price will go down.
the price will go up.
the price will stay the same.
Which of these goes with the idea of conservation of resources?
recycling bottle caps to make benches for schools
coal mining
oil drilling
singing and dancing
Boston, Lincoln, Ty, Josh, Draven, and Bodie have a plan for their income from dancing and singing at the Stallon's football game. They will save a portion, spend a portion on football cards and action figures, use some for charity, and spend the rest on 212 cats. This idea is
budget
exporting
taxes
using credit
Could you answer this question clearly while using content vocabulary?
Imagine that Leah's Shirt Shop had 200 pairs of purple and orange shirts that no one wanted.
A. What would the Leah's Shirt Shop most likely do to try and sell the ugly shirts?
B. Explain why Leah would do this.
I can show what I know.
Now what??? Hmmmm... no!
