Economics Vocabulary

Economics Vocabulary

Assessment

Quiz

Created by

Joel Holtry

Social Studies

3rd Grade

92 plays

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5 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

______________ buy goods or services that they need or want.

Consumers

Economy

Producers

Scarcity

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A system of buying and selling goods and services is called...

goods

services

economy

supply

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The amount of goods and services produced is called...

demand

scarcity

supply

economy

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A job that someone does for others is called a....

good

need

economy

service

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The amount of an item that consumers are willing to buy at different prices.

economy

taxes

supply

demand