Economy

Economy

3rd Grade

14 Qs

quiz-placeholder

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Economy

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Assessment

Quiz

Social Studies

3rd Grade

Practice Problem

Medium

Created by

Melissa Creaven

Used 64+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A dentist is an example of a

human resource

natural resource

capital resource

political resource

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A warehouse is a

human resource

natural resource

capital resource

school resource

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

This picture shows potatoes. This is an example of what type of resource?

human resource

natural resource

capital resource

government resource

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Natural resources are things people use that come from the Earth and are found in nature. Identify 2 examples of natural resources.

toys and games

coal and video games

wood and money

water and plants

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Nathan's grandma gave him $1.00 to buy bubble gum OR a candy bar. He decided to buy the bubble gum. What is his opportunity cost?

bubble gum

candy bar

$1.00

Grandma

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What might happen to the price of bananas?

The price might go up.

The price might go down.

The price will stay the same.

The bananas and apples will cost the same.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What happens to the price of a product when the supply of the product goes down?

Price goes up when the supply goes down.

Price stays the same no matter how much is available.

Price goes down when the supply goes down.

None of the above

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