
Economics Quiz
Authored by Stephanie Mardones
Social Studies
3rd Grade
Used 2+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the study of how people use money, goods, and services known as?
Currency
Supply
Economics
Scarcity
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Who is a person that gives money or other items for things he or she wants or needs?
Seller
Buyer
Exchange
Demand
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What term describes a person who takes money or other items in exchange for things he or she wants or needs?
Demand
Exchange
Seller
Supply
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does "exchange" mean in economic terms?
The amount of something that is available
A country's system of money
To trade or give up one item for another one
The number of people who want or need something
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is "demand" in the context of economics?
When something is difficult to get or find
The number of people who want or need something
The study of how people use money, goods, and services
A country's system of money
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does "supply" refer to in economics?
The number of people who want or need something
When something is difficult to get or find
The amount of something that is available
A country's system of money
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does "scarcity" mean in economic terms?
The amount of something that is available
A country's system of money
The number of people who want or need something
When something is difficult to get or find
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