Economics Review

Economics Review

3rd Grade

25 Qs

quiz-placeholder

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Economics Review

Economics Review

Assessment

Quiz

Other

3rd Grade

Medium

Created by

Christina Carlson

Used 3+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

Tom decided to buy $200 worth of new clothes. Which of the following would be good reasons for the clothes being a need and not a want. (Pick 2)

Tom needed to look more stylish. His other clothes were too ugly.

Tom needed to fit in with his friends. All of his other friends wear the type of new clothes he bought.

Tom needed to buy new clothes for his new job. His job has a certain dress code.

Tom needed to wear name brand clothes. His other clothes were from stores that no one shops at anymore.

Tom needed to buy new clothes because he lost all of his other clothes. Unfortunately, Tom’s house was flooded.

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The definition of a need is: Something that is essential for life and ________ to __________.

necessary, survive

essential, life

necessary, essential

essential, survive

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

In order to stay out of debt, it is important to put your needs before your wants.

True

False

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A want is: Something that makes life more happy and _________ but not _________ to survive.

necessary, comfortable

essential, necessary

happy, comfortable

comfortable, necessary

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which one of these items is a want and why?

hand soap: you want clean hands

carrots: you want nutrients in your diet

cake: you want a dessert every now and then

apartment: you want a place to live

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which one of these items is a need and why?

DVD's: to entertain you when you get bored

a pool: to keep you cool and so you can relax

a million dollars: so you can be rich and possibly famous

a doctor: to provide medical help when needed

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is a service?
A job
Something someone does for you
A need
Something you do for another person

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