Study Island. Generation Date: 04/01/2014 Generated By: Cheryl Shelton Title: grade 5 Economics

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1 Study Island Copyright 2014 Edmentum - All rights reserved. Generation Date: 04/01/2014 Generated By: Cheryl Shelton Title: grade 5 Economics 1. Hybrid cars are cars that can use either gas or electricity to run. These cars are becoming more popular because people can spend less money on gas. This helps the environment because there is less pollution. What is a present consequence or issue of buying a hybrid car? A. The owner pays less in gas for the hybrid. B. The car has a higher upfront price. C. The owner pays more in taxes for the hybrid. D. The car has higher maintenance costs. 2. What cost is a future consequence of the government building a new highway? A. They have to pay to maintain the road. B. People will save money on gas. C. People can sell more goods. D. They have improved transportation. 3. Which of these is an example of a capital resource? A. a wood board B. a green lawn C. a nail gun D. a carpenter 4.

2 Which country would struggle the most if a storm ruined fruit crops in Mexico? A. Germany B. Holland C. Brazil D. United States 5. A company in New York only makes plastic parts for toy cars. This is an example of A. competition. B. a monopoly. C. specialization. D. interdependence. 6. Gina likes children. She wants to produce an item for children ages three to eight. These children are her target market. This means she has answered which economic question? A. What to produce? B. How to produce? C. For whom to produce? D. How much to produce? 7.

3 The map above shows where different crops are grown in the United States. The area that is shaded green is where many farmers grow barley. This area is located in the Great Plains. The Great Plains have a climate that is covered in grasslands and does not get much rain. This climate is good for growing certain crops, but not others. According to this information, which statement is probably true? A. Cotton is a crop that can only grow in place with dry climates. B. Corn and barley are always grown in the same areas. C. The farmers of the Plains could easily grow cotton as well as barley. D. The dry climate of the Great Plains is good for growing barley. 8. Which person below is producing something? A. Michelle goes to the store to buy groceries. B. Theresa goes to work to earn money. C. Mary decides to go to college. D. Allison makes a dress to sell.

4 9. The countries above A. are saving money. B. do not like each other. C. are using a barter system. D. depend on each other. 10. Which is a natural resource that a carpenter would need to build a cabinet? A. nails B. a ruler C. wood D. a hammer 11. Sam builds cars at a General Motors plant in Flint, Michigan. His manager just told him that the factory would soon be changing to making a different type of car. Which of the following people most likely made the decision about which car to produce? A. the workers at the plant B. the customers who buy the cars C. the president of the United States D. the head of the company 12. Japan is the number one producer of cars in the world. Who decides what kinds of cars and how many cars will be produced in that country? A. the workers in the factories B. the owners of car companies C. other countries that import the cars D. the people who buy the cars

5 13. Elliot wants to start an online business selling baseball cards to collectors. But he does not have a lot of money. Which of the following ideas would make the best use of his limited resources? A. specializing in baseball cards from only certain years or teams B. renting a large building in case his business grows very fast C. selling a wide variety of baseball cards from all years and teams D. hiring a large staff of people to help him run his new business 14. What economic principle measures the choice of one decision against another? A. demand B. investment choice C. supply D. opportunity cost 15. Which of these is an example of a human resource? A. water B. fish C. a fisherman D. an aquarium 16. Tyler plays piano in a 5-person jazz band. His friend Luci plays the tenor saxophone in the band. Tyler knows how to play the saxophone, too, but he is much better at the piano. No one else in the band plays the piano as well as he does. Tyler would like to sometimes play the saxophone in their concerts, but he sticks to the piano. Which of the following words best describes the relationship among the band members? A. self-sufficient B. interdependent C. competitive D. resourceful

6 17. Mrs. Bentley owns a dairy farm in Wisconsin. Her farm provides milk for all the local grocery stores. Which of these questions must Mrs. Bentley ask in order for her dairy to produce milk each day? A. How many other dairy farms are in the state? B. What time do most grocery stores close? C. Which grocery stores have the most money? D. How much milk should be produced? 18. Which person is making an investment? A. Madison opens a checking account at the bank. B. Martin buys a popcorn maker for his snack stand. C. Jennifer spends all her money on pizza and candy. D. James puts his allowance in a box under the bed. 19. Heather wants to save money. Which choice will help her save the most? A. She could buy things that are on sale in stores. B. She could use coupons to save money on products. C. She could invest her money in new products. D. She could put her money in a savings account. 20. After finishing high school, a person can continue his or her education by A. attending college. B. joining the Peace Corps. C. finding a job. D. starting a business.