Social Studies · Unit 5 · Weeks 25–30 · 30–35 min

Economics

43 points total · Name: ____________________ Date: __________

For the adult

You may read every item, every choice and every source box aloud. This test checks social studies thinking, not reading, so reading aloud is always fine, and your child may answer out loud while you write the words. Section 3 describes three maps of a made-up state in words: a resource map, a population map and a climate map. Your child may sketch them on scrap paper, and the best answers name which map a clue came from. Sections 2 and 4 have money math; play money or scrap paper is welcome, and a correct answer with the work shown earns full points. Answers in dollars should include the dollar sign or the word "dollars." Use the scoring notes under each section, add up the points, and find the level at the end. If your child earns less than half of the points in a section, go back to the weeks and days listed for that section.

Part 1: Producers, Consumers & Resources

9 points

Read each question. Circle or write your answer.

1.
Write G for good or S for service: a soccer ball, a guitar lesson, a jar of honey, a window washing, a pair of mittens, a checkup at the clinic.
(2 pts)
2.
A pizza shop makes pizza. Name one natural resource, one human resource and one capital resource it uses.
(3 pts)
3.
Ms. Patel cuts hair at her shop and buys groceries after work. Which is true?
(2 pts)
○ She is a producer and a consumer.○ She is only a producer.○ She is only a consumer.
4.
Theo has apples and wants a book. The bookseller wants eggs, not apples. Explain how money would make this trade easier.
(2 pts)

Part 2: Scarcity, Markets & Interdependence

11 points

Read each question. Circle or write your answer. Show your math.

5.
Only 20 tickets are left for a show, and 200 people want them. What will most likely happen to the price?
(2 pts)
○ It will go up.○ It will go down.○ It will be zero.
6.
A cookie seller pays $14 for her ingredients. She sells 30 cookies for $2 each. How much profit does she make? Why might a big profit lead other bakers to start selling cookies too?
(3 pts)
7.
The United States buys coffee from Colombia. For the United States, is the coffee an import or an export?
(1 pt)
○ an import○ an export
8.
Put the chain for a wooden chair in order: store worker, logger, furniture maker, tree, you.
(2 pts)
9.
A hard freeze ruins many orange trees in Florida. Name one group in Florida and one family in another state who would be affected. Tell how each is affected.
(3 pts)

Part 3: Reading Special Maps

11 points

Read the map box. Then answer each question. Name a map when the question asks.

10.
Map box: three maps of Riverland, a made-up state. Resource map: a cow means dairy farms, a tree means forests and lumber, a fish means fishing, and an oil drop means oil. Cows are on the eastern plains. Trees are in the northern mountains. Fish are along the western coast. Oil drops are in the dry southwest. Population map: darker color means more people. The darkest spot is Port Kelp, on the western coast where the Silver River meets the ocean. Cedar Falls, on the eastern plains, is also dark. The lightest areas are the northern mountains and the southwest desert. Climate map: the western coast is mild and rainy; the northern mountains are cold and snowy; the southwest is hot and dry; the eastern plains have hot summers and cold winters. Where in Riverland would a fishing company most likely be? Which map shows this?
(2 pts)
11.
Which area of Riverland has the fewest people? Use the climate map to give one reason.
(2 pts)
12.
Which map would you use to find where oil is found?
(1 pt)
○ the resource map○ the population map○ the climate map
13.
Claim question: Why do so many people live in Port Kelp? Write a claim. Give two pieces of evidence, each from a different map, and name the map.
(4 pts)
14.
The western coast of Riverland is mild, but the northern mountains are cold and snowy. Give one reason.
(2 pts)

Part 4: Earning, Banks & Budgets

12 points

Read each question. Show your math.

15.
Rosa earns $6 each time she weeds a neighbor's garden, with a parent's OK. She wants to earn $42 for a camp T-shirt and a water bottle. How many times must she weed?
(2 pts)
16.
Sam's savings account has $25. He deposits $9, withdraws $12 for a game, then deposits $6. What is his balance?
(3 pts)
17.
Which is the best example of interest?
(2 pts)
○ the extra $1 the bank adds to Mia's savings account○ the $5 Mia takes out to buy a book○ the $10 Mia puts into her account
18.
Dana takes a bike-repair class. Explain how this could change the money she earns later. Use the words human capital.
(2 pts)
19.
Kofi's income this week is $20. His plan: save $5, school supplies $7, a toy $6, a snack $3. Does the plan fit? Show your work. If not, tell one change he could make.
(3 pts)