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WorksheetsChapter 8 - How Does our Economy Work?
Total questions: 13
Worksheet time: 7mins
Why is this called a market?
It is outdoors.
It has a lot of fruit.
It is interesting to visit.
It brings buyers and sellers together.
Why is this place part of an economy?
It is a business.
It has many people.
It is run by farmers.
It has common foods.
Which of these is the woman selling?
buyers
sellers
goods
services
Which of these is part of the supply?
the fruit
the man
the scale
the woman
Think about what happens to supply and demand. How will the price in each item change? UP or DOWN
You have a trading card. Many people get the same card. How will the price of the card change?
UP
DOWN
Think about what happens to supply and demand. How will the price in each item change? UP or DOWN
A store has an old toy car. Old cars become very popular. How will the price of the toy car change?
UP
DOWN
Think about what happens to supply and demand. How will the price in each item change? UP or DOWN
Dan has a lemonade stand. It gets cold and starts to rain. How will the price of the lemonade change?
UP
DOWN
Think about what happens to supply and demand. How will the price in each item change? UP or DOWN
Jane is a babysitter. Lots of families with young children move into her neighborhood. How will the price of babysitting change?
UP
DOWN
What are some ways mail has been delivered?
Trains
Horseback
Airplanes
All of the above
You buy an ice cream cone from an ice cream truck. This is an example of a...
good
service
You pay your brother $5.00 to clean your messy room. This is an example of a ...
good
sevice
When supply is high and demand is low the price ...
goes down - low prices
goes up - high prices
When the supply is low and the demand is high, the price ...
goes down
goes up
