Search Header Logo

Economy Quiz

Authored by Sandra Cato

Social Studies

3rd Grade

Used 17+ times

Economy Quiz
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 4 pts

What is bartering?

Trading goods and services without using money

Using money to buy goods and services

Saving money for future use

Borrowing money from a bank

2.

MULTIPLE CHOICE QUESTION

20 sec • 4 pts

What does scarcity mean?

When people have more wants than resources

When there is too much of a resource

When people have no wants

When resources are unlimited

3.

MULTIPLE CHOICE QUESTION

20 sec • 4 pts

What are goods?

Things that are grown or made to sell

Services provided by people

Money used in transactions

Tools used to work

4.

MULTIPLE CHOICE QUESTION

20 sec • 4 pts

What are services?

Work someone does for money

Things that are grown or made to sell

Money used in transactions

Resources found in nature

5.

MULTIPLE CHOICE QUESTION

20 sec • 4 pts

Who is a consumer?

A person who buys and uses goods or services

A person who provides goods or a service

A person who saves money

A person who exports goods

6.

MULTIPLE CHOICE QUESTION

20 sec • 4 pts

Who is a producer?

A person who provides goods or a service

A person who buys and uses goods or services

A person who saves money

A person who imports goods

7.

MULTIPLE CHOICE QUESTION

20 sec • 4 pts

What is currency?

Money

Goods

Services

Resources

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?