Worksheets6th Six Weeks Social Studies Review
Total questions: 23
Worksheet time: 2hrs 55mins
Which expense would the students baking cookies for a school bake sale most likely have?
Wages for the workers
Ingredients for the cookies
Rent for the school building
Many people earn money working at
a job. Another way to earn money is by —
buying new things at the store
volunteering for a charity group
keeping money in a savings account
The jobs listed above are examples of ways to earn money by —
selling a product
providing services
saving for college
Some students baked cookies for the school bake sale fundraiser. This is an example of —
donating
consuming
spending
Look at a Maria’s budget above. How is Maria earning money?
By providing services for others
By earning interest on her savings
By selling goods to her customers
Look at Maria’s budget above. How much money should Maria have for savings?
$1.00
$2.00
$4.00
In 2011 there was a drought in Texas. The drought meant that many crops did not have enough water to grow. Which word describes these crops?
Free
Scarce
Plentiful
Which description is an example of an event that may cause scarcity?
Oil has been discovered in the Arctic Ocean.
New kinds of cell phones are going on sale.
Bad weather caused orange crops to
freeze.
What is a one good way people can
conserve water when it is scarce?
Take long baths
Boil the water first
Water the lawn less
Many people consume natural resources such as timber. Using a lot of resources can sometimes cause a scarcity. What is one way people are trying to deal with this scarcity?
By saving more money
By recycling some goods
By selling fewer products
In which of these situations would
the price probably go up?
Many stores want to sell the same t-shirts.
More bikes are for sale than there are bikes sold.
More people want peaches than there are peaches available.
Which description best explains how a free market works?
People trade products without using money.
Buying and selling is based on supply and demand.
Government companies sell products that are scarce.
The sale pictured above is an example of —
free services
free enterprise
freedom of speech
Which description is an example of
a simple business?
Taking old toys to a charity
Mentoring elementary students
Selling lemonade in the front yard
A popular book arrived in stores this morning. The books sold so fast that many people did not get to buy one. More copies are going to arrive in a few days. If there are still not enough books what is likely to happen?
The price of the books could go up.
People will not want to buy the book.
The cost to make the books could increase.
If the demand for a product is low, what will the seller most likely do?
Lower the price
Raise the price
Keep the price the same
There were two grocery stores in a small town. One grocery store closed. What will most likely happen to the price of groceries in the town?
They will increase.
They will decrease.
They will stay the same.
If a store manager has to lower
the price of a product, what will happen to his profits?
They will decrease
They will increase
They will stay the same
The ice cream company wants to make a profit. The cost of sugar used to make ice cream has increased. The company does not want to raise prices. What will most likely happen to profits for the ice cream company?
Profits will decrease
Profits will increase
Profits will stay the same
If a man buys a pair of shoes for
$15.00 and sells them for $20.00 he will make a —
profit
service
donation
You select a sweatshirt with a price tag of $6.00 and take it to the checkout counter. The cashier says you owe $6.50. Which reason explains why the price increased at the checkout?
The sales tax was added to the price.
Cost for shipping was added to the
price.
A donation for charity was added to the price.
What product did entrepreneur Mary Kay Ash sell?
Cookies
Makeup
Computers
Henry Ford is an American entrepreneur who started a company to produce —
automobiles
computers
cookies
