Economics

Economics

3rd Grade

10 Qs

quiz-placeholder

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Economics

Economics

Assessment

Quiz

Social Studies

3rd Grade

Medium

Created by

Morgan Byrd

Used 7+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a good?

A service

A product we sell

Something I want

Something I need

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a service?

Something you do for a customer

A product

Something I want

Something I need

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a consumer?

A person who makes a good or service

Something someone makes

A person that purchases a good or service

Something someone buys

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a producer?

Someone who purchases a good or service

Something that someone makes

Something that someone buys

A person or company that supplies goods or services

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is opportunity cost?

How someone chooses a good or service

Good things someone missies out on when choosing a different product

What someone buys

What someone makes

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you barter?

Making a good or service

When someone chooses a good or service

Making a good

Exchanging a good or service for another good or service

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a resource?

How someone makes something

Something a business needs to make their good or service

Something someone wants to purchase.

Who buys a product

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