Economics

Quiz
•
Other
•
3rd Grade
•
Medium
+2
Standards-aligned
Used 3K+ times
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19 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these examples is a service?
Mr. Farr sells guitars.
Mr. Swenson gives art supplies to consumers.
Coach provides lessons for different sports.
Ms. Miller writes books.
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Jenny has hundreds of stuffed animals to sell. The stuffed animals are considered the _________.
supply
demand
buyer
seller
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Why would a business want to spend their money to invent new items?
They can save money
They will fix broken items
They can buy cool goods
They can make new goods to sell
Tags
CCSS.RL.3.1
CCSS.RI.3.1
CCSS.RL.2.1
CCSS.RI.2.1
CCSS.RL.1.1
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Tyler wants to help homeless people. He decides to get friends together to put together boxes with supplies in them. Tyler and his friends then give the supply boxes to people in need. What are they doing?
They are spending the supplies.
They are donating the supplies.
They are earning the supplies.
They are borrowing supplies.
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is supply?
the amount of an item you have
how many people want your good/service
the money you have left over after you paid your bills
none of these
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is demand?
the amount of an item you have
how many people want your good/service
the money you have left over after you paid your bills
none of these
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is profit?
the money you have left over after you paid your bills
how many people want your good/service
the amount of an item you have
none of these
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