Economics Part 1

Economics Part 1

3rd Grade

20 Qs

quiz-placeholder

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Economics Part 1

Economics Part 1

Assessment

Quiz

Social Studies

3rd Grade

Medium

Created by

Joan Skidmore

Used 11+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

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

Media Image

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

Media Image

This is something done for another person

services

supply

Natural resources

capital resources

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

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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