Economics Review
Authored by Brooke Caskey
Social Studies
3rd Grade
Used 7+ times
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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your teacher has 3 computers and 20 students who want to use them. What is the supply and demand of the computers?
Low supply, high demand
High supply, low demand
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At recess time, there were many basketballs, but the kids decided to play football. What is the supply and demand of the basketballs?
Low supply, high demand
High supply, low demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All the prize box candy has been picked through and there is a lot of gum left over. Many students pass over the gum and choose other things. What is the supply and demand of gum?
Low supply, high demand
High supply, low demand
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Kids love the mozzarella cheese sticks in the cafeteria. Every Tuesday, the cafeteria sells out of the mozzarella cheese sticks. What is the supply and demand of cheese sticks?
Low supply, high demand
High supply, low demand
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the demand is high and the supply is low, the price goes _________.
up
down
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the demand is low and the supply is high, the price goes _________.
up
down
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the supply of goods or services does not
meet the demand because of limited resources it is called...
free enterprise
scarcity
consumer
producer
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