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Economics

Authored by Megan Baldwin

Social Studies

2nd - 3rd Grade

Used 38+ times

Economics
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10 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Things people would like to have

Needs

Goods

Wants

Income

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A plan for saving and spending money

Budget

Consumer

Supply

Market

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a market?

a place where farmers gather to have fun

a place where people go on holidays

a place where people play sports

a place where buyers and sellers come together

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the meaning of Demand?

the need or want for something.

a plan for saving money.

a person who sells things.

things people must have to live

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is another word for a customer?

seller

buyer

farmer

producer

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which happens last?

Tim gets a job walking his neighbors dogs.

Tim wants to buy a gift for his dads birthday.

Tim saves enough money to buy the gift.

Tim saves two dollars every day from his job.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Due to the frost in Florida the orange crops froze and the farmers lost half of their oranges that they had to sell. The farmers market is next week and lots of people want oranges. What would they do to the price of the oranges next weeks at the market?

Make the price higher

Make the price lower

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