Economics Unit

Economics Unit

3rd Grade

•

27 Qs

quiz-placeholder

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Economics Unit

Economics Unit

Assessment

Quiz

•

Social Studies

•

3rd Grade

•

Medium

Created by

Liz Banta

Used 9+ times

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things we would like to have, but don't need to survive.

needs

wants

goods

services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If everyone wants an item (like toilet paper), we would say that the ____________ is HIGH.

supply

demand

budget

scarcity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fruits and vegetables are _____________

goods

services

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Alex is a pastry chef who sells his yummy donuts at a bakery. Alex is a ____________.

consumer

demand

producer

product

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Nintendo Switch has a new game. It is so popular, you can't find it in stores. The demand is __________ and the supply is ___________.

high, high

low, low

high, low

low, high

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Someone who makes a good or provides a service to others.

goods

services

consumer

producer

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you earn money by working a job or selling goods or providing services, that money is called ___________.

supply

opportunity cost

income

budget

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