Economics

Economics

3rd Grade

27 Qs

quiz-placeholder

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Assessment

Quiz

Social Studies

3rd Grade

Easy

Created by

Brooke Caskey

Used 2+ times

FREE Resource

27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

when the supply of goods or services does not

meet the demand because of limited resources

goods

services

scarcity

producers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

things you can buy or consume, such as food,

books, or toys

goods

services

scarcity

producers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the amount of a product that people want and

buy

supply

demand

scarcity

consumers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

something you pay another person to do for you

goods

demand

services

producers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the amount of a product that businesses are

able to offer for sale

goods

services

supply

demand

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

things that people require for survival

needs

services

wants

demand

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

people that make and provide goods and

services

needs

consumers

wants

producers

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