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Social Studies Chapter 3 Learning And Earning P. 2
Test Description: Chapter 3 cont.
Instructions: Answer all questions to get your test result.
1) If you choose to buy Doritos instead of potato chips, potato chips are your?
A
opportunity costs
B
unchoice
C
goods
D
services
2) A consumer is?
A
A person who buys a good or service
B
the same as a producer
C
Eats a lot of food
D
Makes items to sell
3) The United States economy is based on a
A
lot of land
B
Other people telling you what to sell
C
free enterprise system
D
the government telling you what to make and sell
4) A need is?
A
tomatoes, soda and apples
B
earrings, bracelets and necklaces
C
something that you wish you could have like an xbox or a toy train
D
something that is required for survival, food, shelter, water
5) What is interdependent?
A
When different states rely on each other for different goods and services
B
lots of states all together in one area
C
One country being nice to another country
D
lots of states in all different areas
6) How did life change in the late 1800\'s?
A
It linked the country by railroads, produced electricity, made steel, and ran engines
B
people went looking for more land and found it, they built little country stores
C
computers created a new way of communication providing businesses with an easier way
D
people followed migrating herds
7) How does demand affect the prices of goods and services?
A
demanding an item makes people give it to you
B
too many items made the price will go up
C
If lots of people want an item and companies find it hard to keep up with it, the price will go up
D
if people demand it then the sales person needs to give it to them
8) How does supply affect the price of goods and services?
A
the cost to make it goes up, creating the price to go up
B
a busines does poorly so it looses money and the price goes down
C
If the business makes too many products then it will cause the price to go down to sell them
D
it all evens out so the price stays the same
9) Will bartering help the world economy?
A
no, because trading does not involve money and will not help the economy
B
yes, because we like other countries and it would be good to trade our goods
C
no, because too many things will be made and then nobody will want them
D
yes, because bartering involves money and money makes the world go around
10) What are examples of communication?
A
laptops, trains, and games
B
trains, trucks, and automobiles
C
The UPS truck delivers items to your door
D
email, cell phones, and instant messaging
*select an answer for all questions
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