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Fifth Grade (Grade 5) Economics Worksheets - Create Printable Tests and Worksheets

Create printable tests and worksheets from Grade 5 Economics questions. Select questions to add to a test using the checkbox above each question.

Economics

3 votes

• A bus driver, teacher, and dentist are examples of people involved in
  1. selling goods
  2. providing services
  3. making profits

Economics

2 votes

• When you spend your money to buy a piece of candy, you are acting as a
  1. producer
  2. importer
  3. consumer
  4. exporter

Economics

2 votes

• Goods from the United States that are sold to people in other countries are called
  1. imports
  2. factors of production
  3. exports

Economics

2 votes

• You decide to spend your movie money to buy clothes. The fact that you can no longer use that money for the movies is called
  1. scarcity
  2. production
  3. opportunity cost

Economics

2 votes

• The factors of production refer to
  1. things or skills needed to produce goods and services
  2. the way the government is organized
  3. how we spend our money
  4. how society creates jobs

Economics

2 votes

• You decide to spend your movie money to buy clothes. The fact that you can no longer use that money for the movies is called
  1. scarcity
  2. production
  3. opportunity cost

Economics

1 vote

• Which idea BEST explains why prices of a product increase when many people want the product but there isn't enough of it for everyone?
  1. scarcity
  2. importing and exporting goods
  3. supply and demand

Economics

3 votes

• Ashley bought a new dress (goods) and got her hair cut (service). She is a
  1. consumer
  2. budget
  3. mother
  4. expense

Economics

1 vote

• Which factor of production is missing from this list: Natural Resources, Capital Resources, Entrepreneurship,                   Human Resources                  .

Economics

2 votes

• Objects or things, such as a bike, shirt, or watch are considered
  1. services
  2. income
  3. goods
  4. needs

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