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Goods, Services, and Scarcity

Authored by Alpha Gamer

Life Skills

1st - 5th Grade

Goods, Services, and Scarcity
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6 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of person buys goods?

Producers

Consumers

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

When the supply is low, and the demand is high, that is called ________.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a service?

When someone does something for you

Something that you can see and touch

Someone that serves things

Someone that buys something

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What is a way to solve a scarcity problem?

Share

Force

Majority Rule

Contest

5.

OPEN ENDED QUESTION

3 mins • 1 pt

Are you liking this?

Evaluate responses using AI:

OFF

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A _______ is when someone does a job for you. Fill in the blank.

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