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3rd Grade Economics

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Social Studies

3rd Grade

Used 607+ times

3rd Grade Economics
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17 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People in each country need _________________ to buy goods and services.

credit

currency

points

coupons

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which items are paid for using citizen’s taxes? (3)

a. Firefighter, new school, and new roads

b. Car mechanic, new school, and selling tacos

c. Firefighter, car mechanic, and selling tacos

d. New roads, car mechanic, and new school

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Casey opened a new smoothie store. She is only going to use oranges for the first flavor. She hires Jessie to help her. She goes to the store and buys fresh oranges, and a juicer. Jessie will use the juicer to squeeze fresh juice to put in the smoothie.


the juicer is a

capital good(resource)

consumer good

intermediate good

raw material

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Mr. Atkins only has $8 to spend. He decides to go to Starbucks? What was his opportunity cost?

Krispy Kreme

Dunkin' Donuts

McDonald's

Panera Bread

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The store is out of toilet paper and cannot meet the needs of its customers' demands. What would MOST likely happen?

More toilet paper will be produced.

Customers will stop buying toilet paper.

The store will close down permanently.

Prices of toilet paper will decrease.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The yellow Crocs and the purple Crocs are competing against each other in the shoe store. If the owner puts the yellow Crocs on sale, what will happen to the price of the purple Crocs?

The price of the purple Crocs will also go down.

The price of the purple Crocs will go up.

The price of the purple Crocs will remain the same.

The purple Crocs will be taken off the shelf.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When someone does not have enough money to purchase everything they want at the store, they allocate their money by ________.

price

budgeting

spending

saving

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