Economy Review

Economy Review

3rd Grade

16 Qs

quiz-placeholder

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Economy Review

Economy Review

Assessment

Quiz

Social Studies

3rd Grade

Medium

Created by

Gareth Griffiths

Used 26+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

The study of making, buying, and selling goods and services is called _________________________

Supply and Demand

Economy

Communities

Scarcity

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

You have 2 bottles of hand sanitizer but you want a pack of Clorox wipes. Your friend has a pack of Clorox wipes but wants a bottle of hand sanitizer. What could you do to both get what you want?

Trade

Scarce

Demand

Natural Resource

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which of the following is a NEED?

Toy

Computer

Food

Doll

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Things that we MUST have are called?

Barter

Needs

Wants

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A person who provides a good or a service is called a _______________

Consumer

Producer

Supply

Demand

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

When something that we want is running low, it is called ____________________

Trade

Scarcity

Economy

Opportunity Cost

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What does SUPPLY mean?

It is how much of something you have.

It is how much people want something.

It is when you make something and sell it.

It is when you buy something for yourself.

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