
Economics Quiz
Authored by Donna Lynch
Social Studies
5th - 6th Grade
Used 2+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What is the definition of a Resource?
a good or service
anything used to produce goods and services
the study of production
something that can be sold
2.
FILL IN THE BLANK QUESTION
5 mins • 1 pt
A _______ is any action that one person or group does for another in exchange for payment.
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
If the demand for a product is high, the price should be _____.
low
free
high
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
We can never have all we want of every good and service. This is called _____.
Goods
Scarcity
Production
Services
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
______ is the process of changing raw materials into economic goals that can be used to satisfy the need and wants of consumers.
Process
Produce
Production
Pineapple
6.
FILL IN THE BLANK QUESTION
5 mins • 1 pt
____ is the study of how things are bought and sold.
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Example of a good....
haircut
taxi
soda
bus driver
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