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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 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 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 by AmySakowitz
Grade 5 :: Economics by Ureesha
Grade 5 :: Economics by janewhite
Grade 5 :: Economics by allikato
The definition of economics is:
  1. a part of social studies that looks at the way government works
  2. a part of social studies that looks at how we meet our wants and needs
  3. a part of social studies that looks at how people make important decisions
Grade 5 :: Economics by janewhite
Grade 5 :: Economics
Grade 5 :: Economics
A bus driver, teacher, and dentist are examples of people involved in
  1. selling goods
  2. providing services
  3. making profits
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