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Supply and Demand

Authored by Ashley Downey

Social Studies

3rd Grade

Used 113+ times

Supply and Demand
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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is demand?

The amount of goods being made

How many people want or need something

Where to find a good

The person who makes a good

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a surplus?

When the supply of a good or service is more than the demand.

What you give up in order to buy something.

A trading system.

A season.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

______ Is the value of what you give up when you make a choice.

Trade

Supply

Demand

Opportunity Cost

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Focusing on making one product or service to sell or to trade is called...

Talent

Bartering

Specialization

Surplus

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is it called when we trade goods without the use of money

Bartering

Stealing

Scarcity

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

_____ Are goods brought IN from other countries

Imports

Exports

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

______ are goods sent OUT to other countries.

Imports

Exports

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