Economics

Economics

3rd Grade

8 Qs

quiz-placeholder

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Economics

Economics

Assessment

Quiz

Social Studies

3rd Grade

Medium

Created by

Sarah Roth

Used 2+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Which of these examples is a service?

Mr. Farr sells guitars.

Mr. Swenson gives art supplies to consumers.

Coach provides lessons for different sports.

Ms. Miller writes books.

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Jenny has hundreds of stuffed animals to sell. The stuffed animals are considered the _________.

supply

demand

buyer

seller

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

What does it mean when you save money?

You buy a new outfit.

You put money away for later.

You invent a new good.

You give money to help animals.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________________ are people who use services or buy goods.

Producers

Resources

Pretty

Consumers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______________ resources are materials that come from nature.

Special

Natural

Human

Capital

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________________ resources are the things that people use to make the goods or provide their services.

Natural

Capital

Company

Human

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The term used when there is not enough of something to go around is __________________.

scarcity

economic choices

resources

opportunity cost

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What type of resources are these?

capital

natural

nautical

human