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WorksheetsMiss Lia G3 Social Studies Ch4 Review
Total questions: 22
Worksheet time: 44mins
Does everyone have the same needs and wants?
Yes
No
Which of the following is NOT a need?
Air
Candy
Food
Water
Which of the following is a need?
Shelter
Chocolate
Game
Toy
What are goods?
things people can sell and buy
things people can do
What happened to masks (goods) when COVID-19 broke out?
there was an abundance of masks
there was a scarcity of masks
there was a supermarket
there was a lot of milk
What are services?
things people can buy and sell
thing people can do
What does abundance mean?
There are enough goods and services for people
There are NOT enough goods and services for people
What is opportunity cost?
something I want
money
value something I gave up
something I eat
Producer is someone who makes a product or provides services
True
False
What is demand?
The number of cats and dogs.
The amount of goods and services that people want
The amount of goods and services people don't want
The number of goods that people don't like
What usually happens to price when the supply goes down?
The price will stay the same
The price will also go down
The price will go up
I don't know
How is trading and bartering different?
Trading uses money, bartering doesn't
They are the same
Bartering uses money, trade doesn't
Trading and bartering uses money
When you send products and resources out of the country, what is it called?
inland
export
import
expand
What is an interest?
Something you like
Things you can buy
Money that the bank gives you when you use the bank
Money you borrow from the bank
What do you have to do when you get a loan?
Nothing, it is free money.
You have to pay it back.
You can run away.
There is a scarcity of goods
When you plan your money spending, what is it called?
bank
interest
deposit
budget
What are you doing when you deposit money in the bank?
You are stealing the money.
You are adding money to your savings.
You are taking the money out.
You are going to school.
Which of these is NOT one of the 3 types of resources?
capital resources
natural resources
native resources
human resources
Jobs today and long ago are the same.
True
False
Each person has a special skill and does one job or one part of a project.
Organization
Social Studies
Special Soup
Specialization
How do you use division of labor in a classroom?
Only one person does work.
Everyone does the same work.
Everyone does different work.
No one does anything.
Your country does not have oil, but the other country does. You need to trade. What do we call this?
independence
interest
interdependence
goods and services
