Economics Review
Authored by Anna-Maria Reyes
Social Studies
2nd - 3rd Grade
Used 38+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The person who makes or creates an item a consumer will buy is a
supply
producer
demand
consumer
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The person who buys an item that is created is the ______
goods
service
consumer
producer
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the relationship between a consumer and a producer?
They DO need each other
They do NOT need each other
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A new video game came out last week. Everyone rushes to the store because they want to buy it. Because of this, the price of the product will likely be
high
average
low
free
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The apple orchard produced so many apples this season! As a result, they have more apples than they normally need. Because of this large quantity, the price of the apples this season will likely be...
high
low
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When a country sends a product they have too much of to another country it is called...
export
import
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When a country cannot grow a product and they get it from another country, it is called....
export
import
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