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Econ Quiz

Authored by Omi Chung

Social Studies

2nd Grade

Econ Quiz
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24 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is trade?

Buying toys only

Exchanging goods and services

Sleeping

Eating

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a producer do?

Makes or sells goods and services

Only buys products

Watches TV

Plays games

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is a consumer?

Someone who makes products

Someone who eats only vegetables

Someone who buys or uses goods and services

Someone who sells products

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is income?

Money you spend

Money you save

Money you earn

Money you borrow

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is saving money important?

To buy candies

To have money for future needs

To throw it away

To forget about it

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does spending mean?

Saving money

Lending money

Using money to buy things

Eating

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a business?

A place where people sleep

A game

An activity that earns money by selling goods or services

A type of food

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