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.
How you perform is determined by your score and the time you take.
When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.
See sample questions for grade 2
If you have $5 and you spend $3 on a toy, how much money do you have left?
If you save $1 every day for 5 days, how much money will you have?
If you want to buy a toy for $8 and you have $10, how much money will you have left after buying the toy?
If a store has only 2 apples and 3 people want to buy them, what is this an example of? (1) Scarcity, (2) Choice, (3) Savings, (4) Service
If you have $10 and you want to buy a book for $6 and a toy for $5, do you have enough money? (1) Yes, (2) No
If you want to buy a toy for $8 and you have $10, how much money will you have left after buying the toy?
If a store has only 2 apples and 3 people want to buy them, what is this an example of? (1) Scarcity, (2) Choice, (3) Savings, (4) Service
If you have $10 and you want to buy a book for $6 and a toy for $5, do you have enough money? (1) Yes, (2) No
If you have to choose between buying a book or a ball, and you pick the book, what is the thing you gave up called? (1) Choice, (2) Scarcity, (3) Opportunity cost, (4) Income
If you want to buy a toy that costs $10, but you only have $7, do you have enough money? (1) Yes, (2) No
What do we call the money people earn from working? (1) Income, (2) Savings, (3) Spending, (4) Debt
What do we call the people who make or grow things to sell? (1) Consumers, (2) Producers, (3) Shoppers, (4) Teachers
Fill in the blank: A ________ is a place where people buy and sell things.
Fill in the blank: Goods are things you can ________, like books or apples.
Fill in the blank: The money you do not spend is called your ________.
Fill in the blank: The things people make or grow to sell are called ________.
True or False: A consumer is someone who buys and uses goods and services.
True or False: A lemonade stand is an example of a business.
True or False: A need is something you must have to live, like food or water.
True or False: A service is something you can touch.
