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40094412
Ch. 3 Practice Test
Description
Practice test from page 103 - 104.
No tags specified
social studies
economics
buying
selling
exchange
goods
services
social studies 2
q3 economics
2nd grade
Quiz by
Teacher Scott
, updated 12 days ago
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Created by
Teacher Scott
12 days ago
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Resource summary
Question 1
Question
What do you call the money you receive for doing your job?
Answer
income
savings
investment (การลงทุน)
expenditure
Question 2
Question
Which one is NOT a productive resource?
Answer
capital
land
consumer
entrepreneur
Question 3
Question
Which one is an intangible product?
Answer
food
house
transportation (Grab service)
clothes
Question 4
Question
Ken's mother grows lemons at home. What role does Ken's mother play?
Answer
producer
consumer
buyer
seller
Question 5
Question
What will happen if a family's household income is more than their expenditure?
Answer
The family will have debts.
The family will have savings.
The family will not have enough money to spend.
The family will have to borrow (ขอยืม) money from other people.
Question 6
Question
Who determines (makes or decides) the price of goods and services?
Answer
buyers
sellers
both buyers and sellers
the government (รัฐบาล)
Question 7
Question
What would a wise (smart) consumer do?
Answer
Compare prices and the quality of goods before buying.
Bargain (หักคอ) for the cheapest price.
Buy only expensive (แพง) and branded goods.
Make friends with traders to get discounts and free gifts.
Question 8
Question
What is the process whereby goods are used by people?
Answer
production
consumption
trade
exchange
Question 9
Question
Whose occupation involves the buying and selling of goods?
Answer
police
farmer
trader
housewife (mother)
Question 10
Question
Which of the following is NOT a way to save money?
Answer
Buying expensive things
depositing money into the bank
putting spare (extra) coins into a savings box (piggy bank)
giving money to your mother for safekeeping
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