Economics
Authored by Diana Richardson
Social Studies
3rd Grade
Used 21+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why do people trade?
To get things they already have
To make friends
To get things they need and want but do not have
To be popular
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
John had $12 to spend at the shop. He had to make a choice between buying a toy or a book. John decides to buy the toy. This is an example of-
specialization
economic choice
producer choice
scarcity
3.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Choose three examples of specialization
There are many miners in Virginia because the many coal mines.
Fisherman in Maryland catch crab that will be shipped all over the United States for people to enjoy.
Large amounts of oranges are grown in Florida because of the good climate.
A farmer in Texas grows a variety of crops to feed his family and share with this neighbors.
4.
MULTIPLE SELECT QUESTION
1 min • 1 pt
What are the benefits of specialization Choose three
Becoming better at doing one thing
Becoming self-sufficient
Only having to focus on a certain good.
Being able to produce everything
Being faster and more efficient
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Examples:
A bakery making doughnuts
An architect drawing a house
A hairdresser
What are these examples of?
opportunity cost
interdependence
economic choice
specialization
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The second best choice that was given up when making an economic choice is the
resources
economic choice
consumer choice
opportunity cost
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Belsy went to the store to buy some presents. She wanted to buy a doll, a toy truck and a book. She did not have enough money to buy all three. What does she need to consider when making a choice of what to buy?
What are other people at the story buying?
How much money did she leave at home?
What will she have to give up?
How can she buy all the items in her cart?
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