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Economics Test

Total questions: 15

Worksheet time: 1hrs 11mins

Name
Class
Date
1.

All are things you need to live except ____________________.

a)

food

b)

water

c)

tv

d)

shelter

2.

It is a good idea to buy things you need before you buy the things you want.

a)

true

b)

false

3.

What is in example of opportunity cost?

a)

You buy everything you want.

b)

You only buy one thing you need.

c)

You give up buying candy so you can save money for a video game.

d)

You give your money away.

4.

This is a ______________________________.

a)

need

b)

want

5.

This is a __________________________.

a)

need

b)

want

6.

Things that people make or grow are called __________________________________.

a)

service

b)

goods

c)

store

7.

Doing work for other people is called a _________________________.

a)

service

b)

goods

c)

store

8.

People make cars in a building called a __________________________________.

a)

farm

b)

factory

c)

trade

9.

People who work without getting paid are called _____________________________.

a)

volunteers

b)

teachers

c)

workers

10.

_________________________ is when you give something to get something in return.

a)

Stealing

b)

Borrowing

c)

Trading

11.

Which is not a good?

a)
b)
c)
d)
12.

Which job is not a service worker?

a)

house painter

b)

dentist

c)

farmer

d)

teacher

13.

How has a farmer's tools changed over time?

a)

Now farmers use plows.

b)

Now farmers can work faster by using machines.

c)

Farmers did not use tools long ago.

14.

Computers today are much bigger than computers from long ago.

a)

true

b)

false

15.

It is best to work hard and be prepared.

a)

true

b)

false