Question 1

Match the word to its definition. Use your vocabulary pages.

Question 2

You have $5 to spend at the market. You want to get your face painted ($4) and buy a bag of oranges ($3) but you don't have enough money. What choice do you have in this situation? pgs 212-213

Accepted Answer

To pay for the face painting or buy the oranges.

Answer

To save your money or donate it to charity

Answer

To buy both or to buy nothing

Answer

To sell oranges or paint faces

Question 3

You have $5 to spend at the market. You want to get your face painted ($4) and buy a bag of oranges ($3) but you don't have enough money. What choice do you have in this situation? pgs 212-213

300

To save your money or donate it to charity

To buy both or to buy nothing

To sell oranges or paint faces

To pay for the face painting or buy the oranges.

Accepted Answer

You bought the cheaper item and have a healthy snack.

Answer

You have both oranges and your face painted.

Answer

You have spent all of your money.

Answer

You can show your friends your face paint.

Question 4

You have $5 to spend at the market. You want to get your face painted ($4) and buy a bag of oranges ($3) but you don't have enough money. What choice do you have in this situation? pgs 212-213

300

To save your money or donate it to charity

To buy both or to buy nothing

To sell oranges or paint faces

To pay for the face painting or buy the oranges.

Accepted Answer

You could not get your face painted.

Answer

You have healthy oranges.

Answer

The face painting was cheaper.

Answer

You have less money left over.

Question 5

Which of the following jobs provides a service? pg 209

Accepted Answer

cutting hair at a shop

Answer

running a lemonade stand

Answer

growing peaches to sell at the market

Answer

making video games to sell

Question 6

What is something that a company would invest in? p 251

Accepted Answer

inventions that help them compete with other companies

Answer

more expensive resources

Answer

machines that slow their business down

Question 7

If you started a savings account with $100 dollars, and 1 year later there is $103 in it. You did not put in any more money. What did you earn from the bank? p 247

Accepted Answer

interest

Answer

incentive

Answer

invest

Question 8

Match each item to the correct category. pg 262-265

Question 9

What is the purpose of global trade? p 260

Accepted Answer

All countries can get all they need and want.

Answer

So countries can make friends with other countries

Answer

So we can use our ships on the ocean

Answer

To be the richest country

Question 10

Why does Ecuador sell bananas and buy tractors? pg 260-261

Accepted Answer

Ecuador can grow a lot of bananas but does not have the resources to make tractors.

Answer

Bananas cost more than oil.

Answer

People in Ecuador don't like bananas.

Answer

Oil costs more than bananas.

Question 11

Why does global trade cut down on American jobs? pg 268

Accepted Answer

We can pay workers less in poorer countries.

Answer

We make poorer quality goods in America.

Answer

Manufactured goods are found in nature.

Answer

There are more natural resources.

Question 12

What goods does the United States sell to other countries? pg 257 and pg 263

Accepted Answer

oranges and wheat

Answer

shoes and clothing

Answer

bananas and clocks

Answer

oil and cars

Question 13

Match the name of the country with the product they sell to the United states. Use your map on pg 257.

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