
Economics Part 1
Authored by Joan Skidmore
Social Studies
3rd Grade
Used 11+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What person gives up to get something they want ( your second choice)
opportunity cost
consumer
services
natural resources
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What do we call a person who buys a good or uses a service
consumer
goods
service
supply
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This is something done for another person
services
supply
Natural resources
capital resources
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Amount of goods and services that are available
supply
demand
producer
consumer
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Material found in nature that people can use
Natural Resources
Human Resources
Goods
Demands
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Tools, machines, equipment, money and factories used to make goods.
Capital Resources
Goods
Demand
Producer
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
These are the things bought to satisfy needs and wants.
Goods
Demands
Producer
Consumer
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