TCI End of Unit 3 Economy Test
Quiz by Aubrey Morello
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- Q1
Match the word to its definition. Use your vocabulary pages.
Users link answersLinking300s - Q2
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
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.
300s - Q3
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. You decide to buy the oranges. What is the benefit to the choice that you made? pg 212-213
You have both oranges and your face painted.
You have spent all of your money.
You bought the cheaper item and have a healthy snack.
You can show your friends your face paint.
300s - Q4
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. You decide to buy the oranges. What is the cost to the choice that you made? pg 212-213
You have healthy oranges.
The face painting was cheaper.
You have less money left over.
You could not get your face painted.
300s - Q5
Which of the following jobs provides a service? pg 209
cutting hair at a shop
running a lemonade stand
growing peaches to sell at the market
making video games to sell
300s - Q6
What is something that a company would invest in? p 251
inventions that help them compete with other companies
more expensive resources
machines that slow their business down
300s - Q7
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
incentive
invest
interest
300s - Q8
Match each item to the correct category. pg 262-265
Users sort answers between categoriesSorting300s - Q9
What is the purpose of global trade? p 260
All countries can get all they need and want.
So countries can make friends with other countries
So we can use our ships on the ocean
To be the richest country
300s - Q10
Why does Ecuador sell bananas and buy tractors? pg 260-261
Bananas cost more than oil.
People in Ecuador don't like bananas.
Ecuador can grow a lot of bananas but does not have the resources to make tractors.
Oil costs more than bananas.
300s - Q11
Why does global trade cut down on American jobs? pg 268
We make poorer quality goods in America.
Manufactured goods are found in nature.
We can pay workers less in poorer countries.
There are more natural resources.
300s - Q12
What goods does the United States sell to other countries? pg 257 and pg 263
oranges and wheat
shoes and clothing
bananas and clocks
oil and cars
300s - Q13
Match the name of the country with the product they sell to the United states. Use your map on pg 257.
Users link answersLinking300s