Choices in a Free Market

Choices in a Free Market

3rd Grade

14 Qs

quiz-placeholder

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Choices in a Free Market

Choices in a Free Market

Assessment

Quiz

Other Sciences, History

3rd Grade

Practice Problem

Medium

Created by

Jackie Callahan

Used 117+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total amount of a good or service that is available to buy is called

demand
incentive
profit
supply

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A(n) ______________is something that leads a person to make a certain choice.

demand
incentive
profit
supply

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total amount of a good or service that customers will buy at all prices is called

demand
incentive
profit
supply

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money earned by a business after costs are removed is called

demand
incentive
profit
supply

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following people is earning money by providing a service?

Anthony grows fruit to sell
Laura sews stuffed animals
Carl sells lemonade he makes
Marie teaches a third grade class

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following will increase the profit at a lemonade stand?

using cheaper lemons
using more ingredients
selling during cold weather
giving glasses away for free

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At Georgia's fruit stand, she sells apples. The __________ of apples is how many she has to sell.

buyer
demand
seller
supply

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