Economics

Economics

2nd - 3rd Grade

35 Qs

quiz-placeholder

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Economics

Economics

Assessment

Quiz

Social Studies

2nd - 3rd Grade

Medium

Created by

Sally Warburton

Used 3+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is opportunity cost?

the choice that is given up

what you pick

money

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is economic choice?

what you did not pick

the choice that is made

cash

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is scarcity?

we have too much stuff

everything is gone

when we do not have the ability to

satisfy all of our wants because of

limited resources

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You have time to only go on one more ride at the amusement park, the roller coaster or the bumper cars. You pick the roller coaster. What was your economic choice?

Your economic choice is the roller coaster

the bumper cars is your economic choice

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You go to an ice cream shop. You can have strawberry ice cream or chocolate ice cream. Your economic choice is chocolate ice cream. your (blank) is strawberry ice cream.

opportunity cost

scarcity

limit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you make and sell cookies, are you a producer or consumer?

producer

consumer

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you go to the Food Lion for your groceries, are you a producer or consumer?

producer

consumer

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