Economic Quiz

Economic Quiz

3rd Grade

19 Qs

quiz-placeholder

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Economic Quiz

Economic Quiz

Assessment

Quiz

History

3rd Grade

Medium

Used 2+ times

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19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What a person gives up to get something they want ( your second choice)

Producer

Opportunity Cost

service

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Tools, machines, equipment, money, and factories used to make goods.

Capital Resources

Producer

Service

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Material found in nature that people can use.

Natural Resource

Human Resource

Capital Resource

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Sally goes to buy a hot chocolate every morning at the local donut shop. What is she?

Good

Consumer

Producer

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Mrs. Bates is a teacher. She provides a

Goods

Service

product

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Mrs. Smith is a server at a local restaurant. In a business she is a _______

Capital Resource

Human Resource

Natural Resource

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

When the demand is high and the supply is low the price goes

up

down

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