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ECON
Test Description: ECON
Instructions: Answer all questions to get your test result.
1) What does it mean to barter?
A
Make a trade
B
Save your money
C
Compare prices
2) Which is NOT a trait of money?
A
durable
B
divisible
C
portable
D
multiple
3) What is it called when you keep money until you buy something you want?
A
save
B
spend
C
trade
4) A specialist specializes in one product or service. Which specialist would I call if I was sick?
A
hair dresser/ barber
B
teacher
C
house painter
D
doctor
5) Sheila looked at 2 stores to see which had a TV for cheaper (less money). What did she do?
A
buy the first thing she saw
B
barter for a service
C
compare prices
6) A service is something you do for someone. A good is an item that you buy. Which is chocolate?
A
service
B
good
7) In the story we read, Amy did this to get the video game she wanted.
A
ordered a copy and bought one
B
made trades to get it from a friend
C
asked her grandmom to buy it for her
8) Why are cows not good to use for money?
A
They can't be divided easily.
B
They are cute!
C
They are too big to be portable.
D
They aren't accepted everywhere.
9) Who would I call to get help in math?
A
nurse
B
car mechanic
C
a dog
D
teacher/ tutor
10) How do you think you will do on the test?
A
not good
B
ok
C
great
*select an answer for all questions
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