Economics Unit
Quiz
•
Social Studies
•
3rd Grade
•
Medium
Liz Banta
Used 9+ times
FREE Resource
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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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