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Second Grade (Grade 2) Economics Questions

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Grade 2 Economics
The students made popcorn to sell at the fair. The popcorn is a                .
  1. good
  2. barter
  3. service
  4. money
Grade 2 Economics
Not having enough resources to meet people's unlimited wants.
  1. service
  2. goods
  3. benefit
  4. scarcity
Grade 2 Economics
People must make               to obtain needs and wants.
  1. toys
  2. food
  3. choices
Grade 2 Economics
Barter means to                ?
  1. trade
  2. give
  3. share
Grade 2 Economics
When a person visits the dentist for a check up, the dentist is                    .
  1. producing a good
  2. using barter
  3. providing a service
Grade 2 Economics
A safe place to keep money.
  1. bank
  2. box
  3. under bed
  4. in your deskl
Grade 2 Economics
A                resource is people working to make goods and services.
Grade 2 Economics
Which of the following is a need?
  1. toys
  2. computer
  3. food
Grade 2 Economics
What term describes a person who uses goods and services?
  1. money
  2. bartering
  3. consumer
  4. saving
Grade 2 Economics
What term describes coins and paper bills used in the exchange for goods and services?
  1. producer
  2. credit
  3. savings
  4. money
Grade 2 Economics
A worker in a factory that builds chairs is called a                .
  1. producer
  2. money
  3. consumer
  4. toys
Grade 2 Economics
When you barter you use money.
  1. True
  2. False
Grade 2 Economics
Which one of these workers make goods?
  1. a teacher
  2. a policeman
  3. a librarian
  4. a baker
Grade 2 Economics
A                 shows the order in which things flow or happen.
  1. service
  2. flow chart
Grade 2 Economics
What is a check?
  1. a bank
  2. written permission for bank to pay someone or place
  3. a capital resource
Grade 2 Economics
What you give up when you make a choice.
  1. benefit
  2. opportunity cost
  3. income
  4. price
Grade 2 Economics
Which is not a basic need?
  1. clothes
  2. shelter
  3. vacation
  4. food
Grade 2 Economics
A capital resource is a
  1. Human
  2. Flower
  3. Bread
  4. Tool
Grade 2 Economics
                are things people would like to have but do not need to live.
  1. Needs
  2. Wants
Grade 2 Economics
                are things that people make or grow.
  1. Goods
  2. Needs
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