Exam 13: How Do I Assist Students in Making Economic Decisions

Mathematics is used to organize and simplify large amounts of economic data to help explain what is happening in a business or the economy.

Many cities were founded to provide easy opportunities for people to trade.

Teachers in the public schools tend to view economic education as job training and the acceptance of the importance of getting a job and doing it well.

Children's economic ideas tend to follow a developmental sequence because personal thinking becomes more abstract and flexible with age.

Which economic concept would most likely also be encountered when studying mathematics?

Allowing students to make some decisions in classroom procedures involves students in developing the conclusion that decisions require careful thought.

The economic questions all nations must ask and solve include all of the following EXCEPT:

Which of the following institutions was NOT created because of the rise of a market economy?

A decision-making chart that asks students to give short-term and long-term consequences is appropriate to use with first-graders.

Which of the following is an example of microeconomics in use?

Because economics is based on the realization that people want more than the resources can provide, social studies teachers must help students recognize that scarcity exists.

The problem of scarcity is too abstract for young children to understand.

Recycling and conserving are examples of an economic concept that also might be encountered in the study of science.

Working parents make good guest speakers to explain economic ideas to children while homemakers and unemployed people cannot provide much support for build a child's understanding of economics.

When provided instruction in economic concepts, students appear to gain a full understanding of them by the end of grade 8.

Which of the following is NOT an economic concept appropriate to teach elementary and middle school students?

The United States of America is an example of a nation that has many regions and cities that specialize in producing specific products and unique services.

The exchange of goods and services is a voluntary action that seems to benefits all parties.

The consensus on best teaching of economics includes all of the following EXCEPT:

The assembly line is an example of an economic concept that would be studied in history.