Economics

Quiz
•
Social Studies
•
4th - 5th Grade
•
Medium
Mindy Morgan
Used 38+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the process of making, harvesting, or creating something?
Production
Consumption
Distribution
Natural Resources
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____________ is when people use a specific good or service?
Production
Consumption
Distribution
Economist
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The act of doing something for someone else is called?
Service
Natural Resource
Economics
Production
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something useful, merchandise
Service
Production
Good
Natural Resource
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person that sees a need and comes up with a plan to produce something and sell it to companies so they can make money is called an ______________________?
Producer
Economist
Entrepreneur
Natural Resource
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a capital resource?
Man-made tools and equipment used to make a product
Water, Trees, Coal, Soil
People that use a good or service
A person that invents something to solve a problem
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does an economist do?
Someone who studies plants and animals
Someone who studies the government
Someone who studies the production and distribution of goods and resources.
Some one who creates art
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