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Social Studies: Basic Economic Concepts

Authored by Amy McGinnis

Social Studies

KG - 2nd Grade

Used 6+ times

Social Studies: Basic Economic Concepts
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7 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The amount of products or services that businesses provide

Want

Business

Supply

Demand

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Something that people would like to have

Need

Want

Demand

Consumer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who buys and uses goods and services.

Consumer

Producer

Business

Goods

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The making and selling of products and services

Supply

Need

Want

Business

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Things that can be bought and sold

Wants

Goods

Needs

Supply

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is work that is done for others for pay?

Producer

Consumer

A service

Free enterprise

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What are children taking part in by washing cars, raking leaves, and caring for pets to earn income?

Goods

Free enterprise

Products

Government services

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