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Economics Quiz

Authored by Kevin Wetmore

Social Studies

3rd Grade

Economics Quiz
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21 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the study of how we use limited resources called?

Sociology

Psychology

Economics

Anthropology

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the three basic economic questions?

What to produce

How to produce

For whom to produce

When to produce

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is money according to the provided learning material?

A system of barter

Currency that is issued by the government and used to pay for goods and services

A type of precious metal

A form of credit offered by financial institutions

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does money make easier according to the provided learning material?

Traveling abroad

Buying and selling

Communication

Learning new languages

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many types of money are listed in the provided learning material?

Two

Three

Four

Five

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT listed as a type of money in the provided learning material?

Cash

Coins

Debit Cards

Credit Cards

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is paper money accepted according to the provided learning material?

Because it is made of valuable materials

Because it is unlimited in supply

Because people have faith in the US Government

Because it can be exchanged for gold at the bank

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