Economics Quiz
Authored by Leslie Hilbert
Social Studies
1st Grade
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31 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do you call a person who buys a good or a service?
consumer
producer
service
goods
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for someone who makes or grows a good or performs a service?
producer
consumer
goods
service
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does scarcity mean in economics?
unlimited resources
making choices due to limited resources
abundance of goods
none of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are examples of goods?
services
needs
products you can buy and touch
wants
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a service?
goods
work performed for others
consumer
producer
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are not necessary for living?
toys, games, and entertainment
food
clothing
shelter
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are essential goods and services for living?
toys, games, and entertainment
food, clothing, and shelter
services
consumer goods
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