Lesson 1, Part 5: Assessment

Read each sentence and circle either true or false.

1. If you study economics, you will learn things that you can use someday in your job.
True
False

2. Economics has nothing to do with making choices.
True
False

3. You cannot have everything you want.
True
False

4. Goods are things that you can touch and that meet your economic wants.
True
False

5. Shoes are an example of a service.
True
False

Read each sentence and circle the letter that is the right answer.

6. Which one of these things will you learn about when you study economics?
a. how plants grow
b. the correct spelling of words
c. why people make trades using things like markets, prices, and money
d. multiplication

7. One of the things that economics studies is
a. how you and other people make choices.
b. how you can have everything you want.
c. the four food groups.
d. how to play soccer.

8. In economics, things that you wish for are called
a. presents.
b. economic wants.
c. fairy tales.
d. happy endings.

9. Goods are
a. things you do when your teacher asks you to.
b. actions that meet your economic wants, like TV shows.
c. things that nobody wants.
d. things that you can touch and that meet your economic wants, like computers.

10. Services are
a. things that you can touch and that meet your economic wants, like cars.
b. long meetings.
c. actions that meet your economic wants, like car washes.
d. shortcuts to use in math.
____________________________________

Assessment Key

1. True
2. False
3. True
4. True
5. False
6. c
7. a
8. b
9. d
10. c
____________________________________

Be the first to comment on this blog. Just below the post there is a small link that says "0 comments." Click it to send me a comment. I would love to hear from elementary school teachers.
____________________________________

COPYRIGHT © 2007 by Robert D. Sandman
ALL RIGHTS RESERVED. Teachers and their students may use this content as follows: Robert D. Sandman hereby grants you a nontransferable license to use the content in connection with your classes. The content is for your personal, noncommercial use only and may not be reproduced, or distributed, except that portions of the content may be provided to your students in connection with your instruction. You must include this notice on all copies that you provide to students. You may not sell, license, auction, or otherwise redistribute the content in any form. Your use of the content indicates your acceptance of these conditions. Thank you.