Economics

Economics

3rd Grade

15 Qs

quiz-placeholder

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Assessment

Quiz

Social Studies

3rd Grade

Hard

Created by

Diana Richardson

Used 55+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A person who uses goods and services is called a

barter

human resource

consumer

producer

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

_______ are people who work to provide goods and services

human resources

producers

consumers

awesome people

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The exchange of goods and services without the use of money is called

economic choice

barter

opportunity cost

banking

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The next best choice (one that is given up) is called the

economic choice

opportunity cost

capital resource

human resource

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Activities that satisfy people's needs and wants are called

goods

human resources

capital resources

services

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

_______ are goods made by people that are then used to produce other goods.

natural resources

human resources

economic choice

capital resources

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

__________ occurs when a business or group of people focus on producing one kind of good or service.

scarcity

economic choice

opportunity cost

specialization

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