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WorksheetsUnit 3 Part B Economy
Total questions: 21
Worksheet time: 11mins
Define the word "barter."
A. when you use money to buy
something at the store
B. when you trade something
with someone else without
the use of money
C. when you trade services for
money, like cutting
someone's grass
D. when you use pennies from
your piggy brank to buy a toy
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.
Why was paper money used instead
of coins?
A. It was easier to use.
B. It was harder to use.
C. It was prettier.
D. It was too big to carry.
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
What is trade?
A. the exchange of seashells
and beans
B. the exchange of goods,
services or money
C. the exchange of goods
between an individual and a
company
D. the exchange of coins and
paper money
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 county binds itself to
a course of action
An economy based on growing crops
and raising animals is _____.
A. tourism
B. agriculture
C. specialization
D. industry
Animals in agriculture need climates
that provide _____________________ for
them to live.
A. food and water
B. temperature and soil
C. rainfall and soil
D. soil and rock
What are services?
A. types of economic activity
including physical and virtual
work done for others.
B. types of economic activity
including producing goods.
C. types of economic activity
including the transportation
of goods.
D. types of economic activity
including production
An industry is an _____.
A. economic activity with the
production of goods and
factories.
B. economic activity with the
production of services.
C. activity involving marketing
and entertainment.
D. activity involving
transportation and public
safety.
Many goods and items in grocery
stores are __________________ far
away places.
A. transported to
B. grown or manufactured in
C. traded in
D. bartered in markets in
Trade between two countries is called _____.
A. domestic trade
B. international trade
C. import trade
D. export trade
Why do countries trade with other
countries?
A. They are nice.
B. They like their people.
C. They don't make everything
their citizens need.
D. They don't want to be
hungry.
_________________________ is buying
goods made in another country.
A. Domestic trade
B. Exporting
C. Importing
D. Manufacturing
______________________________ is
selling goods to another country.
A. Domestic trade
B. Exporting
C. Importing
D. Manufacturing
What is a global economy?
A. international spread of
capitalism
B. industry and trade in only
one country
C. when countries trade with
other countries to obtain
resources that may not be
produced at home
D. goods and services that can
be bought and sold only in
South Carolina
Because of South Carolina's
______________________, many
outdoor activities are available all
year long.
A. climate
B. economy
C. environment
D. geography
Which city is both the state capital
and the second-largest city in South
Carolina?
A. Charleston
B. Greenville
C. Columbia
D. Florence
Why do some businesses move to a
place?
A. because it is warm
B. because of the number of
people living there
C. because it is cool
D. because of the color of its
soil
What could become another major
industry for South Carolina?
A. car battery manufacturing
B. renewable energy
C. automobile manufacturing
D. aircraft manufacturing
Why do many companies choose to
move to South Carolina?
A. It costs less to run a
business.
B. It costs more to run a
business.
C. The cost of living is higher.
D. There are no ports in South
Carolina.
