Unit 4 Topic 1 Part B:  Economics

Unit 4 Topic 1 Part B: Economics

2nd Grade

12 Qs

quiz-placeholder

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Unit 4 Topic 1 Part B:  Economics

Unit 4 Topic 1 Part B: Economics

Assessment

Quiz

Social Studies

2nd Grade

Practice Problem

Medium

Created by

Molly Moore

Used 3+ times

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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the amount of money a business makes called?

Scarcity

Economics

Profit

Service

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is a system in which goods and services are produced, sold, and bought?

Scarcity

Economics

Profit

Good

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is it called when you are not able to have all of the goods and services you want?

Profit

Scarcity

Economics

Service

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the focus on making one product called?

Scarcity

Specialization

Profit

Economics

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which business would specialize, or become experts, to serve people better?

doctors

teachers

barbers

all of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Many citizens went to the store for batteries before a hurricane, but very few stores had any batteries left to sell. This is an example of _________.

profit

producers

scarcity

specialization

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Liza’s family decides to open a fishing farm. Which evidence shows this is a good economic choice?

Many people in the area like to eat and catch fish.

Fish are hard to grow.

Liza’s family does not like fish.

There are already many fish farms nearby.

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