Grade 5 · Social Studies · Building Confidence
Free Economics & Culture worksheet - version 12
Grade 5 economics & culture practice with original, difficulty-matched questions. This printable version includes 8 grade-appropriate questions and a separate answer sheet.
Economics & Culture
Grade 5 · Building confidence · 8 questions · Version PG-14DS99K-RTRC
1.Explain “export” in your own words.
2.Explain “tariff” in your own words.
3.Explain “supply” in your own words.
4.Explain “cultural diffusion” in your own words.
5.Explain “demand” in your own words.
6.Explain “comparative advantage” in your own words.
7.Explain “culture” in your own words.
8.Explain “inflation” in your own words.
Answers and teaching notes
Use the answers to check the work after the learner finishes. For writing prompts, the guide describes what a strong response should include.
Show answers for version 12
- Explain “export” in your own words.a good or service sold to another country
- Explain “tariff” in your own words.a tax placed on imported goods
- Explain “supply” in your own words.the amount sellers are willing to offer
- Explain “cultural diffusion” in your own words.the spread of ideas and customs between groups
- Explain “demand” in your own words.the amount buyers are willing to purchase
- Explain “comparative advantage” in your own words.the ability to produce at a lower opportunity cost
- Explain “culture” in your own words.shared practices, beliefs, arts, and ways of life
- Explain “inflation” in your own words.a broad rise in prices over time
Worked example
Identify resources, choices, tradeoffs, and the cultural context of an exchange.
Common mistake
Ignoring the next-best choice given up.
Helpful hint
Name both the benefit chosen and the opportunity cost.