Economics

Economics

3rd Grade

20 Qs

quiz-placeholder

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Economics

Economics

Assessment

Quiz

Social Studies

3rd Grade

Practice Problem

Medium

Created by

Chris I

Used 68+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is a person who buys a good or service?

scarcity

economics

consumer

producer

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are things people make?

goods

wants

needs

loss

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are things people like to have but do not need?

goods

needs

wants

banks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is a person that makes goods?

abundance

producer

services

surplus

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of goods offered for sale by a business?

economy

profit

overhead

supply

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a large supply of an item?

consumer

marketing

surplus

manufacture

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a shortage or lack of supply of an item?

consumer

scarcity

overhead

marketing

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