
Economics Quiz
Authored by Reagan Calhoon
Social Studies
3rd Grade
Used 13+ times

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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a "good" in economic terms?
A service provided by someone
Anything you can buy that you can hold or touch
A type of resource needed to make products
A professional activity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does "service" mean in economics?
A product made locally
A task you do for yourself
An activity we pay someone else to do for us
Goods exported to another country
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is considered a consumer?
A person who sells goods
A person who makes goods
A person who buys a good or service
A person who imports goods
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of a producer?
To buy goods from the market
To provide services only
To make or provide a good or service
To consume products
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does "local" refer to in economic terms?
Services provided in the community
Goods made near where they are sold
Products imported from abroad
Labor used in factories
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does "import" mean?
To send out goods to another country
To bring in goods from another country
To produce goods locally
To use natural resources
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is meant by "export" in economics?
To bring goods into a country
To use goods within the same region
To send out goods to another country
To buy goods from local producers
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