Worksheets5th grade Economics
Total questions: 15
Worksheet time: 8mins
The newest video has come out and each store only gets a few of them in stock.
High demand and low supply
Low demand and high supply
Low demand and low supply
High demand and low supply
St. Patrick's Day is over, but the store has a lot of party supplies left over.
High demand and low supply
High demand and high supply
Low demand and high supply
Low demand and low supply
Indiana hasn't had any rain and it has effected important crops.
Price on produce will decrease
Price on produce will increase
It will not have any effect on the price of produce
Stores have a surplus of wrapping paper after Christmas.
Price on wrapping paper will increase
Price on wrapping paper will stay the same
Price on wrapping paper will decrease
When supplies are scarce, the prices
do not change
go up
go down
We have this type of economy in the United States
Market Economy
Dual Economy
Profit Economy
Market Profit
Someone who supplies goods and services
Manufacturer
Truck driver
Market Economy
Producer
An example of a consumable good is
a bookcase
a pencil
a desk
a computer
An example of a durable good would be
a jumbo pack of toilet paper
a pack of markers
a filing cabinet
a case of pop
When you go to the store, you are a
producer
consumer
manufacturer
manager
Walmart and Meijer both have sales this week on different items. This is an example of
Consumers
Scarce products
Profit
Competition
You have a business and have sold $500 worth of things. You paid all of your suppliers, and workers. The money left over is a
shortage
surplus
market economy
profit
During the pandemic, all of the stores were out of toilet paper and hand sanitizer. This is called a
surplus
shortage
demand
supply
Everything on the shelves at the grocery store is called a
surplus
demand
want
supply
Your teacher says that you have to have 2 pencils everyday. When you go to the store you see the new pencils that cost more than the others. You buy them because you have the money. This is an example of a
need
want
durable good
service
