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3rd Grade Economics

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3rd Grade

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3rd Grade Economics
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22 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Limited resources may cause___

natural resource
trade
scarcity
consumer

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Troy fixes his friend's sink.  He is providing a _____________.

trade
opportunity cost
product
service

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Someone who makes a product to sell is a ____________.

human resource
consumer
producer
trader

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A farmer is a ___________ because he/she grows food to sell.

producer
consumer

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What are needs? 

Something that grows in nature
Something that people would like to have
Something people must have to live
Something found on the moon

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What are wants?

Something found in China
something you must have to live
something you see in a movie
something you would like to have

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  Getting a haircut

example of scarcity
example of a service
example of a good
example of a consumer

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