Economics (E1, E2, E3, E4)

Economics (E1, E2, E3, E4)

3rd Grade

11 Qs

quiz-placeholder

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Economics (E1, E2, E3, E4)

Economics (E1, E2, E3, E4)

Assessment

Quiz

Social Studies

3rd Grade

Medium

Created by

Jordan Lee

Used 2+ times

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11 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

________ are man-made resources used in producing good and services. (like buildings, tools, machines, and equipment)

Natural resources

Capital resources

Human resources

Demand

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An ________ is someone who creates and operates their own business.

entrepreneur

worker

supply

demand

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is opportunity cost?

making money

making a profit

a limited amount of a good or service

choosing one good or service over another

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Who does NOT collect taxes?

The federal government

The police

The local government

The state government

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What are taxes?

the money the government collects from individuals and businesses to pay for public goods and services

the money that pays for someone to open their own business

the money collected by the military

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is one thing that tax money does NOT help pay for?

police

schools

private farm

fire department

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which is not an example of a natural resource?

wood

water

land

tractor

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