Economics Quiz Review
Authored by Julia Stephen
Other
2nd Grade
CCSS covered
Used 10+ times
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16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Barter means _______________________________
The cost of giving up one thing for another
When you buy, sell, or exchange an item with someone else
When you negotiate to trade a good or service for something else without using money
A person who makes or creates a good or service
When something is rare or running out
Tags
CCSS.L.2.4E
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Scarcity means _________________________
A person who makes or creates a good or service
When something is rare or running out
When you buy, sell, or exchange an item with someone else
When you negotiate to trade a good or service for something else without using money
The cost of giving up one thing for another
Tags
CCSS.L.2.4E
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Producer means _________________________
A person who makes or creates a good or service
When you buy, sell, or exchange an item with someone else
The cost of giving up one thing for another
When something is rare or running out
When you negotiate to trade a good or service for something else without using money
Tags
CCSS.L.2.4E
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Trade means ________________________________
When you buy, sell, or exchange an item with someone else
A person who makes or creates a good or service
When you negotiate to trade a good or service for something else without using money
The cost of giving up one thing for another
When something is rare or running out
Tags
CCSS.L.2.4E
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Consumer means __________________________
The cost of giving up one thing for another
When you buy, sell, or exchange an item with someone else
When something is rare or running out
A person who buys a good or service
A person who makes or creates a good or service
Tags
CCSS.L.2.4E
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Opportunity cost means ____________________________
When something is rare or running out
The cost of giving up one thing for another
When you buy, sell, or exchange an item with someone else
A person who makes or creates a good or service
When you negotiate to trade a good or service for something else without using money
Tags
CCSS.L.2.4E
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a lot of people want to buy something, the demand is ____________.
Low
High
Unchanged
Tags
CCSS.RI.3.10
CCSS.RI.4.10
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
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