wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Market Place 1 & 2 Formative Assessment

Total questions: 15

Worksheet time: 40mins

Name
Class
Date
1.

a place where people buy and sell goods

a)

entrepreneurship

b)

economy

c)

resource

d)

marketplace

2.

Are these people consumers or producers?

a)

Consumers

b)

Producers

3.

Are they producers or consumers?

a)

Producers

b)

Consumers

4.
What are needs? 
a)
Something that grows in nature
b)
Something that people would like to have
c)
Something people must have to live
d)
Something found on the moon
5.
What are wants?
a)
Something found in China
b)
something you must have to live
c)
something you see in a movie
d)
something you would like to have
6.
Millions of people see a famous sports star drinking apple juice on television. The fans think apple juice helps make the athlete strong. What will happen to the price of apple juice?
a)

The price will go up .

b)

The price will go down.

7.

A person or company that helps get goods from producers to consumers. They may transport or deliver items to stores.

a)

producer

b)

consumer

c)

distributor

8.

3. When we dig and find gold underground, we are finding what type of resource?

a)

Human resource

b)

Capital resource

c)

Natural resource

9.

What is the currency of the United States called?

a)

Peso

b)

U.S. Dollar

c)

corde

d)

Canadian Dollar

10.

An example of a Human Resource would be...

Check all that are correct.

a)

Machines

b)

Doctors

c)

Animals

d)

Bus Drivers

e)

Chefs

11.

Supply is how much of a product there is available to people. True or False?

a)

True

b)

False

12.

Check all that are examples of consumers.

a)

Teachers

b)

People eating at a restaurant

c)

Police Officer

d)

Cashier

e)

Getting a haircut

13.

Another word for trade is ______.

a)

Sell

b)

Buy

c)

barter

14.

Check all of the examples of Capital Resources.

a)

Tools

b)

Trees

c)

Machines

d)

Computers

e)

Dentists

15.
Farmers in California have had wonderful weather. They have produced the largest crop of watermelons in years. What will happen to the price of watermelons?
a)
The price will go up.
b)
The price will go down.