Economics
Social Studies
Economics starts at 2 and continues till grade 5.
QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Economics.
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See sample questions for grade 5
If a family earns $2,000 a month and spends $1,500, how much do they save?
If a lemonade stand sells 20 cups at $1 each, how much money does it make?
If you have $10 and you spend $7 on a book, how much money do you have left?
If you have to choose between buying a toy or a book with your allowance, what is the opportunity cost if you buy the toy?
What do we call the amount of a good or service that people are willing and able to buy?
What do we call the money people earn for doing work?
What is a budget and why is it important for families?
What is opportunity cost?
What is specialization in economics?
What is the difference between a need and a want?
What is the main purpose of money in an economy?
What is the main reason people trade with each other?
A bakery uses flour, sugar, and workers to make bread. In economics, what are flour and sugar examples of?
A town wants to build a new library. The government must decide how to use its limited money. What is this situation an example of in economics?
Describe one way the government helps protect consumers in the United States.
Explain how saving money in a bank can help both individuals and the community.
If a toy store buys 50 board games for $10 each and sells them for $15 each, how much total profit does the store make?
