Economics
Quiz
•
Social Studies
•
3rd Grade
•
Practice Problem
•
Easy
Abbey Schaal
Used 4+ times
FREE Resource
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is economics?
The way people spend and save money
Cooking
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a producer?
Someone who sells a good or product
Someone who buys a good or product
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a consumer?
Someone who sells a good or product
Someone who buys a good or product
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a good?
An object you can buy
Things that people do for others
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a service?
An object you buy
Things that people do for others
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
My mom said that I could get either a cheeseburger or chicken nuggets for dinner from McDonalds. I chose a cheeseburger. What was my opportunity cost?
A cheeseburger
Chicken nuggets
French fries
A drink
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
I am planning to spend $50 on groceries this week so that I can have $10 to go to the movies this weekend. What is this called?
A budget
Opportunity cost
Scarcity
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