Free Enterprise
Quiz
•
Social Studies, Business
•
3rd Grade
•
Practice Problem
•
Medium
Karen Jaquez
Used 11+ times
FREE Resource
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Things that people make or grow and then sell are called—
services
producers
consumers
goods
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A producer is a person who makes a product or provides a
service.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A consumer is a person who spends money to buy things he or she needs or wants.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economy in which people and private businesses, not the government, decide what goods to make and buy is called a—
consumers’ economy
goods and services system
producers’ economy
free enterprise system
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does it mean when something is in high demand?
A few people want it.
Many people want it.
There is a lot of that product.
There is little of that product.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does it mean when something is in low supply?
There is a small amount of it.
A few people want it.
There is a large amount of it.
Everybody wants it.
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