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Economy: Week 27-28

Total questions: 60

Worksheet time: 4hrs 20mins

Name
Class
Date
1.
a)
good
b)
service
2.
a)
good
b)
service
3.
a)
good
b)
service
4.
a)
good
b)
service
5.
a)
good
b)
service
6.
You pay your sister $5 to clean your messy bedroom.
a)
Good
b)
Service
7.

Air, shelter, and food are all examples of ______________

a)

needs

b)

wants

8.

Someone who buys goods or services is called a ____________________

a)

producer

b)

consumer

9.
Does this person provide a good or a service?
a)
goods
b)
service
10.
Does this person provide a good or a service?
a)
good
b)
service
11.
Does this person provide a good or a service?
a)
good
b)
service
12.
Does this person provide a good or a service?
a)
good
b)
service
13.
What is a need?
a)
Nothing
b)
Something you have to have to live
c)
Something you would like to have
d)
Ice cream
14.
What is a good?
a)
A need
b)
A baseball game
c)
Things people do for money
d)
Things that people make or grow
15.

A farmer grows grapes to sell. He is the __________ of grapes.

a)

Producer

b)

Consumer

16.

The exchange of goods and services without the use of money ______.

a)

service

b)

consumer

c)

producer

d)

barter

17.

Trade is the exchange of goods and __________.

a)

business

b)

services

18.

Which of these is an exchange of a service?

a)

fixing your computer

b)

an iPhone

19.

Before money was invented people had to _____.

a)

Barter

b)

Buy

20.

What problem did people have in the time before money?

a)

It was difficult to get what they wanted and needed.

b)

The mall was too crowded

21.

Before money, people bartered what they had for what they needed.

a)

True

b)

False

22.
Doctor: Goods or Service?
a)
Goods
b)
Service
23.

Why did people decide to use mediums of exchange?

a)

Everyone wanted to trade eggs.

b)

No one wanted to trade furs.

c)

Sometimes people did not want what someone else had to trade.

d)

Seashells were pretty.

24.

What were mediums of exchange used in the past?

a)

flowers and crops

b)

rice and beans

c)

shillings and pence

d)

seashells and chocolate beans

25.

Why was paper money used instead of coins?

a)

a. It was easier to use.

b)

b. It was harder to use.

c)

c. It was prettier.

d)

d. It was too big to carry.

26.

Who decides what currency looks like?

a)

a. countries

b)

b. states

c)

c. cities

d)

d. schools

27.

What type of money does the U.S. use?

a)

a. pesos

b)

b. dollars

c)

c. yen

d)

d. euros

28.

Who was involved in the decision to base our money system on the decimal system?

a)

George Washington

b)

Abraham Lincoln

c)

Benjamin Franklin

d)

Alexander Hamilton

29.

What is specialization?

a)

when an individual, company, or nation focuses on what they produce so they can trade with others

b)

when an individual exchanges goods with someone who has money

c)

when a country imposes duties on imports in order to protect home industries

d)

when a country binds itself to a course of action

30.
What is a natural resource?
a)
Resources we get from our house
b)
Resources we get from people
c)
Resources we get from nature
31.
Which of the following is NOT a Natural Resource?
a)
Oil
b)
Natural Gas
c)
Plastic
d)
Water
32.
Why isn't plastic a natural resource?
a)
It is not found in nature
b)
It is found in nature
c)
It grows in a plant
d)
It is not manufactured
33.
To send products to another place to sell or trade is called
a)
import
b)
export
c)
economy
34.
Anything that can be used
a)
scarcity
b)
want
c)
resource
35.
The businesses, jobs, and resources in a community make up its 
a)
exports
b)
economy
c)
imports
36.

Humans use the Atlantic Ocean in South Carolina for _____________ and ______________.

a)

Fishing and swimming

b)

Drinking and bathing

c)

Farming and logging

d)

Swimming and cooking

37.

Which of the following shows two ways that humans use water for recreation?

a)

Swimming and kayaking

b)

Drinking and bathing

c)

Farming and swimming

d)

Transportation and hydroelectricity

38.

Trees from the forests can used for _____________.

a)

fishing, drinking, swimming, transportation, hydroelectricity

b)

agriculture crops for eating, for materials (cotton), to feed animals

c)

timber products, paper, cardboard, building materials

d)

food (meat, eggs, milk), horseback riding, hunting

e)

building materials, jewelry, electronics, vitamins

39.

Rocks & minerals especially those in the Piedmont region can used for _____________.

a)

fishing, drinking, swimming, transportation, hydroelectricity

b)

agriculture crops for eating, for materials (cotton), to feed animals

c)

timber products, paper, cardboard, building materials

d)

food (meat, eggs, milk), horseback riding, hunting

e)

building materials, jewelry, electronics, vitamins

40.

Water found in South Carolina's rivers, lakes and the ocean can used for _____________.

a)

fishing, drinking, swimming, transportation, hydroelectricity

b)

agriculture crops for eating, for materials (cotton), to feed animals

c)

timber products, paper, cardboard, building materials

d)

food (meat, eggs, milk), horseback riding, hunting

e)

building materials, jewelry, electronics, vitamins

41.

Animals, which are plentiful in South Carolina, can used for _____________.

a)

fishing, drinking, swimming, transportation, hydroelectricity

b)

agriculture crops for eating, for materials (cotton), to feed animals

c)

timber products, paper, cardboard, building materials

d)

food (meat, eggs, milk), horseback riding, hunting

e)

building materials, jewelry, electronics, vitamins

42.

Why do some people migrate from one place to another?

a)

less freedom

b)

better jobs

c)

limited resources

d)

to join strangers

43.

Charleston is a large port city located near a natural harbor as well as many rivers. What was the city's biggest advantage of being close to the water?

a)

The rivers and port made agriculture easier.

b)

The rivers and port made it easier for people to trade goods.

c)

The rivers and port were popular with tourists.

d)

The rivers and port were sources of fresh water.

44.

Which natural geographic feature of South Carolina increases modern tourism in the state?

a)

beaches

b)

deserts

c)

farmlands

d)

swamps

45.

South Carolina is bordered by what large body of water?

a)

Atlantic Ocean

b)

Lake Superior

c)

Mississippi River

d)

Pacific Ocean

46.

How did the geography of South Carolina influence its industrialization?

a)

Cities were built in fields to improve transportation.

b)

Cities were built along the rivers to power factories.

c)

Cities were built in the mountains to mine ore.

d)

Cities were built along lakes to improve trade.

47.

Bridges are most commonly used to help humans travel across what geographic feature?

a)

deserts

b)

rivers

c)

tundra

d)

valleys

48.

Why did humans dam many of South Carolina’s rivers in the 1900s?

a)

to create electricity

b)

to protect natural marshes

c)

to prevent industrialism

d)

to increase tourism

49.

The Atlantic ocean is southwest of South Carolina. The state is renowned for its fresh local seafood, including regional dishes such as she-crab soup.

a)

Fishing

b)

Tourism

c)

Wood Processing

d)

Textiles

e)

Farming

50.

Country that we live in and has a capital is Washington D.C.

a)

United States

b)

South Carolina

c)

North America

d)

Moore

51.

Natural features of land like mountains and islands

a)

Populatiion

b)

Landform

c)

Climate

d)

Continent

52.

The state that we live in

a)

South America

b)

South Carolina

c)

North America

d)

Moore

53.

What is a type of economy?

a)

Food

b)

Dress

c)

Industry

d)

Customs

54.

What is a type of economy?

a)

Natural Resources

b)

Dress

c)

Food

d)

Traditions

55.

When we plant a garden, we are participating in culture or economy?

a)

Culture

b)

Economy

56.

When there is not enough of something

a)

shortage

b)

supply

c)

surplus

d)

demand

57.

When there is an extreme shortage of something

a)

supply

b)

shortage

c)

surplus

d)

scarcity

58.

When there is extra of something

a)

supply

b)

shortage

c)

surplus

d)

scarcity

59.

businesses that sell the same products and try to sell them to customers

a)

competition

b)

opportunity cost

c)

interdependence

d)

specialization

60.

A farmer grows food, but they don't build tractors. This is an example of___.

a)

opportunity cost

b)

interdependence

c)

Specialization

d)

price