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TCI End of Unit 3 Economy Test

Quiz by Aubrey Morello

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13 questions
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  • Q1

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

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    300s
  • 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

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    300s
  • 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.

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    300s

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