Economics

Economics

5th - 6th Grade

10 Qs

quiz-placeholder

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Assessment

Quiz

Other

5th - 6th Grade

Medium

Created by

Terry Pike

Used 93+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things that are made and used are

goods
profits
consumers
services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The act of using goods and services is called...

production
consumption
economics
charity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things that people get paid to do for others are 

goods
profit
sevices
favors

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Choosing  one thing over another  another because you cannot afford both is called

opportunity knocks
opportunity cost
octopus
optional

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Resources not being able to meet our unlimited wants and needs is known as

profit
opportunity cost
scarcity
economics

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The difference between a producer's costs to make a good and what they make selling it is called

opportunity cost
consumer
profit
project

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of goods and services available

scarcity
supply
reply
demand

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