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Fifth Grade (Grade 5) Economics Questions

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Grade 5 :: Economics by AmySakowitz
Items brought into a country are called
  1. exports
  2. goods
  3. imports
  4. services
Grade 5 :: Economics by saluquis
Grade 5 :: Economics by AmySakowitz
Grade 5 :: Economics by AmySakowitz
Scarcity is
  1. a time when a consumer is afraid to spend money
  2. a time when there is a surplus of goods
  3. a time when there is not enough of something to go around
  4. a time when there is not enough money in the bank
Grade 5 :: Economics by AmySakowitz
The type of system the United States uses for buying and selling is called a
  1. free system
  2. consumer driven system
  3. market system
  4. democratic system
Grade 5 :: Economics
Grade 5 :: Economics
Grade 5 :: Economics by AmySakowitz
Moving the goods from a warehouse to a store to sell to consumers is called
  1. production
  2. distribution
  3. consumption
  4. natural resource
Grade 5 :: Economics
The factors of production refer to
  1. things or skills needed to produce goods and services
  2. the way the government is organized
  3. how we spend our money
  4. how society creates jobs
Grade 5 :: Economics by AmySakowitz
Grade 5 :: Economics
An irrigation system helps farmers
  1. plant crops
  2. harvest crops
  3. bring water to dry land
Grade 5 :: Economics by Ureesha
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