<p> Sample Assessment Items</p><p>SS3E3 The student will give examples of interdependence and trade and will explain how voluntary exchange benefits both parties. a. Describe the interdependence of consumers and producers of goods and services. b. Describe how goods and services are allocated by price in the marketplace. c. Explain that some things are made locally, some elsewhere in the country, and some in other countries. d. Explain that most countries create their own currency for use as money. </p><p>Multiple Choice:</p><p>What piece of information tells producers how much of a good to make and consumers how much of a good they can buy? a. their parents b. the price of the item c. what it cost to make the item d. how many people are buying the item Answer: b</p><p>A new video game has just been released. So many people want to buy the new game, but there are only a limited number of copies available. This probably means that ______. a. the price will go up b. there will be a surplus c. the price will go down d. there will be a lower demand Answer: a</p><p>Consumers and producers are interdependent which means that they ______. a. rely on one another b. ignore one another c. buy what they need d. shop at the same store Answer: a</p><p>Consumers in Georgia buy oranges from Florida and consumers in Florida buy peaches from Georgia. This is an example of ______. a. income b. a surplus c. interdependence d. an opportunity cost Answer: c</p><p>In a market economy, who is responsible for the production of MOST goods and services? a. individuals b. universities c. the government d. private business Answer: d</p><p>If most of the world's blueberries are grown in the United States, which statement is MOST LIKELY true? a. The United States sells blueberries to other countries. b. The United States buys blueberries from other countries. c. People in the United States eat more blueberries than other people. d. People in the United States are the only people who grow blueberries. Answer: a</p><p>Which statement below BEST explains why producers need consumers? a. Consumers sell the goods producers make. b. Consumers make the goods producers sell. c. Consumers buy the goods producers make. d. Consumers make the goods producers buy. Answer: c</p><p>In an economic market, which factor determines who gets what? a. first come first served b. whoever is willing to pay the price c. whoever is in the most need of the item d. the most important members in society get it first Answer: b</p><p>What will MOST LIKELY happen if the price to purchase a car rises? a. Cars will cost less to make. b. Cars will be made of better materials. c. Fewer people will be able to buy cars. d. More people will be interested in buying cars. Answer: c</p><p>A game costs $5. What might happen if the price drops to $4? a. Fewer stores might sell the game. b. The game might be more interesting. c. More people might be able to buy the game. d. The price might rise as fewer people buy the game. Answer: c</p><p>People in the United States like to drink coffee, which is made from coffee beans. The United States buys almost all its coffee from other countries. What is the MAIN reason the United States buys so much coffee from other countries? a. so it has enough coffee to sell b. so it has the best coffee to sell c. so it has enough workers to do other jobs d. so it has enough land to grow other crops Answer: a</p><p>In the United States, cotton is grown in Georgia, Virginia, North Carolina, and California. Cotton is also grown in China and India, countries that are very far away from the United States. A factory in West Point, Georgia, needs more cotton to make cloth. If the price of cotton is the same in each place, where will the factory MOST LIKELY buy the cotton? a. from farmers in India b. from farmers in China c. from farmers in Georgia d. from farmers in California Answer; c Food States That Grow This Food Peanuts Georgia, Texas, Florida Peaches California, South Carolina, Georgia Oranges Florida, California, Louisiana Watermelon Florida, Georgia, Texas Based on the table, which food would stores in Georgia MOST LIKELY buy from farmers in California? a. oranges b. peaches c. peanuts d. watermelon Answer: a</p><p>Open ended:</p><p>Why do we buy fruits and vegetables from other countries?</p><p>What would happen to the price of fruits and vegetables in our grocery stores if the countries we buy them from cannot produce as much as they did before?</p><p>What are some factors that determine the price of the things you want to buy?</p><p>How do buyers and sellers help each other?</p><p>How do buyers and sellers decide how much goods and services are worth?</p><p>How do buyers and sellers exchange goods and services with each other?</p>