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Grade 3 Economics Assessment

Authored by Eric Leverette-Goodwin

Social Studies

3rd Grade

Used 1+ times

Grade 3 Economics Assessment
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20 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is a human resource?

gas station

oven

waitress

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Buying or using something that is already made.

consume

scarcity

opportunity cost

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Making something new.

opportunity cost

produce

consume

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When there is not enough of a good or service for everyone.

scarcity

consume

opportunity cost

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A choice that you give up when you choose something else.

scarcity

opportunity cost

produce

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The study of how people use limited resources to make goods and services that people need and want is

scarcity

producing

economics

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Workers who are used in the production of goods and services.

capital resource

natural resource

human resource

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