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Social Studies Unit 5 Review

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Which shows a way to provide services to earn money?

a)

babysitting and walking your neigbor's dog

b)

selling goods

c)

earning interest on a savings account

2.

Henry Ford's company produced

a)

toys

b)

cars

c)

boots

3.

Which would be an example of donating?

a)

buying cookies

b)

baking cookies for a fundraiser

c)

spening money

4.

If a person buys a bike for $20.00 and sells it for $30.00, he will be making a

a)

deposit

b)

profit

c)

donation

5.

When Dan mows lawns and washes cars to earn money, he is...

a)

selling goods

b)

being nice

c)

providing services

6.

If very cold temperatures cause a lot of oranges to die on the trees, then oranges would be...

a)

scarce

b)

plentiful

c)

free

7.

If Will earns $5 and spends $4, how much does he have left for savings?

a)

$2.00

b)

$3.00

c)

$1.00

8.

Which of the following could cause scarcity?

a)

A new gaming system goes on sale.

b)

A drought means crops can't grow well,

c)

More oil wells are drilled.

9.

If demand for a product is low, the stores will likely...

a)

raise the price

b)

lower the price

c)

keep the same price

10.

Which event would cause prices to rise?

a)

The same toy is sold in many stores.

b)

More toys are for sale.

c)

Demand is high for a toy that is scarce.

11.

If demand for sweaters is high, the sellers will likely...

a)

Lower the price.

b)

Raise the price.

c)

Keep the same price.

12.

If a wheat crop is damaged by a drought, then wheat will become...

a)

plentiful

b)

scarce

c)

more available

13.

If Tamika earned $5.00 and spent $3.00, how much would she have for savings?

a)

$1.00

b)

$2.00

c)

$3.00

14.

Which are services someone could provide to earn money?

a)

babysitting, mowing lawns, washing cars

b)

buying books, walking dogs

c)

giving clothes and food to charity

15.

What did Henry Ford use to produce his automobiles faster?

a)

a factory

b)

robots

c)

an assembly line