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RES Economics Review

Authored by Amy Rabold

Social Studies

3rd Grade

Used 40+ times

RES Economics Review
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A farmer who grows crops is a producer.

true

false

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Capital resources are the skills and hard work of people.

true

false

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a producer do?

They make goods in factories.

They only provide services.

Producers make goods and provide services.

None of the above.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these people are producers?

fire fighter

eye doctor

farmer

all of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Machines, roads, tools and buildings are

capital resources

human resources

natural resources

not resources

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A store is running low on flip flops in the summer.


What is the supply and demand for flip flops?

High supply and low demand

High demand and low supply

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During the summer a store is having a sale on winter hats and mittens.

What is the supply and demand for winter hats and mittens?

High Supply and low demand

High demand and low supply

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