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Economics Test Review

Authored by Madison Ferraro

Social Studies

3rd Grade

Used 26+ times

Economics Test Review
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People use their income to do what?

Spend their money on things they want

Save money to pay for goods and services

So they can buy games with their money

Save their money to buy something really nice

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who makes and sells a good or provides a service.

Farmer

Supply

Producer

Consumer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount producers will make for a certain price.

Demand

Producer

Goods

Supply

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The person who buys a good or service.

Producer

Supply

Consumer

Entrepreneur

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The money countries use to purchase goods and services

Currency

Money

Producer

Consumer

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount consumers are willing to buy for a certain price.

Supply

Demand

Goods

Service

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Machines, tools, and buildings are examples of ____________.

Natural Resources

Capital Resources

Human Resources

Entrepreneur

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