
Michigan's Economy
Authored by Kim Sather
Social Studies
3rd Grade
Used 4+ times

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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
goods that are used to produce more goods and services
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
someone who combines natural, human, and capital resources to produce goods and services
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
not enough of something so people have to make choices
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you make a choice, THIS is the thing you wanted most, but didn’t get
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Not being able to have all the products and services a person wants is called _______.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You have $14.00. You can go to the movies, buy a new shirt, or buy a kitten. If you choose to go to the movies, what is your opportunity cost?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You have $8.00. You can buy a new hat, a new shirt, or two books. If you choose to buy the books, what is your opportunity cost?
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