3rd Grade Social Studies - Michigan Economics Assessment

3rd Grade Social Studies - Michigan Economics Assessment

3rd Grade

20 Qs

quiz-placeholder

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3rd Grade Social Studies - Michigan Economics Assessment

3rd Grade Social Studies - Michigan Economics Assessment

Assessment

Quiz

Social Studies, Education

3rd Grade

Medium

Created by

Darrell McLaughlin

Used 77+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tasks completed for you by other people or by machines are called _________.

a. goods
b. needs
c. services
d. wants

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Limited resources may cause___

natural resource
trade
scarcity
consumer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity is when there is not enough supply of a good.

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an entrepreneur?

A worker in a company
The person who takes a risk to start a business
an inventor
The person in commercials for a product

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The way a place uses its money, goods, natural resources, and services is the _____________.

budget
expense
scarcity
economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The U.S.A. brings in or __________ many goods from other countries.

imports
exports
profit
budget

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The U.S.A. sends out or __________ many goods to other countries.

imports
exports
profit
barter

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