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Multiple Choice
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1
Economics can best be described as
A)a body of knowledge and a way of thinking.
B)lessons in budgeting and marketing.
C)lessons in supply and demand.
D)a mind-set and a set of specific skills.
2
Teachers should help their students understand that economics is mostly about
A)consumption of goods and services.
B)decision making.
C)production and consumption.
D)supply and demand.
3
When a student must choose another item from the lunch menu because the pizza is all gone, she is experiencing the economic condition of
A)competition.
B)consumption.
C)scarcity.
D)supply and demand.
4
Economic skills can best be fostered in the classroom through
A)attention to the decision-making process.
B)calling attention to the levels of spending apparent in children's dress.
C)giving students many choices throughout the day.
D)regular lessons in budgeting and consumer marketing.
5
Money may be an effective economics education beginning point for primary children because they will most likely
A)be able to make a personal connection to the topic.
B)be interested in learning about it.
C)have some prior knowledge of the topic.
D)All of the above.
6
The first facet of economics is personal economics; the second facet of economics is
A)consumer economics.
B)political economics.
C)social economics.
D)universal economics.
7
Engaging students from two classes in an organized exchange of products such as snack foods could help them better understand
A)goods and services.
B)imports and exports.
C)production and consumption.
D)supply and demand.
8
A facet of economics that is concerned with our nation as a whole and demonstrates how individuals and groups fit into our economy is
A)consumer economics.
B)personal economics.
C)social economics.
D)world economics.
9
Examining the economic policies of the Third Reich would be an example of ways that economics can be related to
A)anthropology.
B)civics.
C)geography.
D)sociology.
10
The effects of the economy on conditions in society is the primary focus of
A)consumer economics.
B)home economics.
C)social economics.
D)world economics.
11
Economics can be easily related to
A)all the other social sciences.
B)history and geography.
C)political science and civics.
D)sociology and anthropology.
12
Having students develop products and factories to produce them can help them learn that
A)practice makes perfect in production.
B)production should not outdistance demand.
C)scientific and technological advances affect economic developments.
D)All of the above.





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