Social Studies, Economy

Social Studies, Economy

3rd Grade

11 Qs

quiz-placeholder

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Social Studies, Economy

Social Studies, Economy

Assessment

Quiz

Social Studies

3rd Grade

Easy

Created by

Keyli C.

Used 3+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Entrepeneurs have diffrentent reason for starting businesses:

Great idea for a product or a service

Want to fill a need in their community

Natural resources

Capital resources

Human resources

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a free-market economy?

It can help to business succeed

A system in which anyone can star a business. The united states has a free market economy.

A place where local farmers can sell their products to local consumers.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

To be succesful a business needs:

Great idea for a product or a service

Want to fill a need in their community

Natural resources

Capital resources

Human resources

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the difference between imports and exports?

Imports are products brought from other countries.

Exports are products shipped to their countries.

When you advertisd, you promote a product or service so thar you draw attention to it.

Whe they have money left over after paying all the business costs.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Location of a business is helpful because:

A place where local farmers can sell their products to local consumers.

They want to sell the most goods and services.

It can help the business succeed

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Who is a consumer?

Is someone who buys a product or a service

Is a selling tool to producers

A system in which anyone can start a business.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is advertising?

Is someone who buys a product or a service

Is a selling tool to producers

A system in which anyone can start a business.

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