Free Printable Economics Review Game

1.

Your city government gives a $5 gift card to people who recycle plastic and glass. What benefit should this create for the community?

a)

more people choosing healthy drinks instead of soda

b)

more people buying milk in glass bottles instead of plastic jugs

c)

fewer plastic and glass bottles are left on the ground as litter

d)

less traffic and crowding at the recycling center downtown

2.

The Cedarville Police Department is taking several steps to encourage children to wear helmets while riding their bikes. Which would be some economic incentives the Police Department might try?(Choose 2)

a)

charging parents a fine for kids not wearing helmets

b)

giving speeches at town meetings about the dangers of head injuries

c)

putting up posters in schools that show happy kids on bikes wearing helmets

d)

mailing parents a coupon to buy a helmet for only $5

e)

warning kids that it is dangerous to ride without a helmet

3.

Drake’s mom is tired of doing laundry. She has asked Drake and his brothers several times to do their own wash, but they won’t help out. Choose two economic incentives Drake’s mom might try.

a)

stop washing clothes

b)

pay the boys $1 for each load of laundry they do

c)

charge the boys a $2 fine each time she has to wash their clothes

d)

hire a housekeeper and pay $25 an hour

e)

ask the boys to do the laundry to make their mother happy

4.

According to Council member Sarah Johnston, what is the trade-off of spending money on the farmer’s market pavilion?

a)

a place for children to play in the summer

b)

money for members of the City Council to spend

c)

new businesses in Wheatland

d)

places to shop

5.

If the City Council does what Margo wants, what is the trade-off?

a)

a new park

b)

a new playground and splash pad

c)

a new shopping center

d)

a farmers’ market

6.

Why does Matthew have to choose between the practice session and the new equipment?

a)

lack of professional players

b)

lack of time

c)

lack of opportunity

d)

lack of money

7.

Tammy is sick. Her mother takes her to see the doctor. The doctor says that Tammy has the flu. The doctor gives Tammy medicine to help her get better. The doctor’s exam is an example of a

a)

Service

b)

Good

8.

Tammy is sick. Her mother takes her to see the doctor. The doctor says that Tammy has the flu. The doctor gives Tammy medicine to help her get better. The medicine Tammy gets is an example of a

a)

Service

b)

Good

9.

Janice goes to a café. She orders a coffee and then sits down. A waitress serves Janice the coffee a few minutes later. The coffee Janice drinks is a

a)

Service

b)

Good

10.

Janice goes to a café. She orders a coffee and then sits down. A waitress serves Janice the coffee a few minutes later. The waitress provided a _______by bringing the coffee to Janice.

a)

Service

b)

Good

11.

Ms. Roberts works for a local Ohio television station as a news reporter. The chart lists five things Ms. Roberts did last week. Determine whether she was acting as a consumer or producer: On Tuesday, she interviewed people for a news story.

a)

Producer

b)

Comsumer

12.

Ms. Roberts works for a local Ohio television station as a news reporter. The chart lists five things Ms. Roberts did last week. Determine whether she was acting as a consumer or producer: On Thursday, she reported the news.

a)

Producer

b)

Consumer

13.

Ms. Roberts works for a local Ohio television station as a news reporter. The chart lists five things Ms. Roberts did last week. Determine whether she was acting as a consumer or producer: On Friday, she went out to eat pizza with her coworkers.

a)

Producer

b)

Consumer

14.

Ms. Roberts works for a local Ohio television station as a news reporter. The chart lists five things Ms. Roberts did last week. Determine whether she was acting as a consumer or producer: On Wednesday, she got a haircut.

a)

Producer

b)

Consumer

15.

Ms. Roberts works for a local Ohio television station as a news reporter. The chart lists five things Ms. Roberts did last week. Determine whether she was acting as a consumer or producer: On Monday, she bought a new suit to wear to work.

a)

Producer

b)

Consumer

16.

Identify four places that will act as markets in the new City Center.

a)

parking lots

b)

artists’ shops

c)

pizzeria

d)

community meeting rooms

e)

construction zones

17.

Maribel is a small business owner. She walks dogs for owners who are too busy to take them on long walks. By offering her services, Maribel is a ________.

a)

volunteer

b)

customer

c)

producer

d)

consumer

18.

Which place best completes the graphic organizer?

a)

town halls

b)

markets

c)

warehouses

d)

factories

19.

True or False: The cost of a decision does not always include money.

a)

True

b)

False

20.

Determine which scenarios are the best examples of benefits or costs. The soccer camp is expensive (money)

a)

Cost

b)

Benefit

21.

Determine which scenarios are the best examples of benefits or costs. Players can learn a lot at the camp. (skills)

a)

Cost

b)

Benefit

22.

Determine which scenarios are the best examples of benefits or costs. Rides at an amusement park have long lines. (Time)

a)

Cost

b)

Benefit

23.

Determine which scenarios are the best examples of benefits or costs. Rides at an amusement park are amazing. (fun)

a)

Cost

b)

Benefit

24.

What is a budget?

a)

a place to keep money safe

b)

money earned from working at a job

c)

a plan for using income productively

d)

a list of things you want to buy

25.

Carla wants to buy her baby sister a stuffed animal for her birthday. Carla saw a cute elephant at the store for $15.If she saves $5 each month, how long will it take her to save enough money to buy the stuffed animal?

a)

three months

b)

five months

c)

four months

d)

two months

26.

People need ______ to buy the goods and services they need and want.

a)

income

b)

share

c)

save

d)

spend

27.

People can _____ money to buy something now.

a)

income

b)

share

c)

save

d)

spend

28.

People can ____ money for future expenses.

a)

income

b)

share

c)

save

d)

spend

29.

People can _____ or give a portion of their income to other people.

a)

income

b)

share

c)

save

d)

spend

30.

If Jayden wanted to also donate $1 to help save endangered tigers, how could he adjust his budget?(Choose 2)

a)

start saving $3 for his sister’s present

b)

start spending $3 on soda and candy

c)

start spending $2 on new apps

d)

start saving $7 for a new bike

31.

How can you tell Joe is making responsible financial decisions?

a)

He saves most of his income.

b)

He donates most of his income.

c)

He shares most of his income.

d)

He spends more than he earns.

32.

Label box 1

a)

Title

b)

Line

c)

y - axis

d)

x- axis

33.

Label box 5

a)

Title

b)

Line

c)

y - axis

d)

x- axis

34.

Label box 4

a)

Data Point

b)

Line

c)

y - axis

d)

x- axis

35.

Amelia needs to create a line graph to show average temperatures in Dayton from 2000-2010. What time interval will she use to measure time on the x-axis?

a)

10 years

b)

20 years

c)

Two years

d)

10 months

Economics Review Game

Total questions: 35

Worksheet time: 19mins

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