Economics

Economics

3rd Grade

19 Qs

quiz-placeholder

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Assessment

Quiz

Other

3rd Grade

Medium

CCSS
RL.3.1, RI.3.1, RL.2.1

+2

Standards-aligned

Used 3K+ times

FREE Resource

19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

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

Media Image

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

Media Image

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

Media Image

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

Media Image

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

Media Image

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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