Understanding Our Economy
Social Studies
3rd Grade
Used 137+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
economy
a place where buyers and sellers come together
the system in which goods and services are bought and sold
tasks you pay someone to do for you
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
market
items that can be bought, sold, or traded
system in which goods and services are bought and sold
a place where buyers and sellers come together
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
goods
items that can be bought, sold, or traded
people must make choices because people want more than they can have
tasks you pay someone to do for you
4.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Examples of goods
milk
paying someone to fix your car
t-shirts
cotton candy
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Examples of services
paying someone to cut your hair
paying a plumber to fix your sink
sink
cups
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
scarcity
people must make choices because people want more things than they can actually have
items that can be bought or sold
place where buyers and sellers come together
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why would something be called a market?
it is outside
it has fruit
it brings buyers and sellers together
just because
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