
Economic Quiz
History
3rd Grade
Used 2+ times

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19 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
Tools, machines, equipment, money, and factories used to make goods.
Capital Resources
Producer
Service
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Material found in nature that people can use.
Natural Resource
Human Resource
Capital Resource
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
Mrs. Bates is a teacher. She provides a
Goods
Service
product
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
When the demand is high and the supply is low the price goes
up
down
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