
Understanding Our Economy
Authored by Bailey Sprague
Other
3rd - 4th Grade
Used 56+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an economy is
goods and services
Is money and how it is managed
the system in which goods and services are bought and sold.
Scarcity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A good is....
tasks you pay someone to do for you.
Items that can be bought, sold, and traded
the system in which goods and services are bought and sold.
Scarcity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People make choices in what they buy because of_____
Goods and services
Task someone provides
the system in which goods and services are bought and sold.
Scarcity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A place where buyers and sellers come together is called a(n)
Scarcity
Goods
Market
Services
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does it mean, "buy needs before wants?"
to have a lot of money
to go to the nearest store
buy the things you must have
to buy everything you would like
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You choose to buy a new toy instead of a drink. What is the cost?
You are thirsty
You have extra money.
You have a new toy.
You bought a need.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
iPhone: Goods or Service?
Goods
Service
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