Economics Vocabulary

Economics Vocabulary

3rd Grade

15 Qs

quiz-placeholder

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Economics Vocabulary

Economics Vocabulary

Assessment

Quiz

Social Studies

3rd Grade

Medium

Created by

Amy SanfordCreekES

Used 46+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does economics mean?

The study of money

The study of how goods and services are used

The study of the world

The study of oceans

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a producer?

Someone who buys a good or service.

Someone who sings.

Someone who likes money.

Someone who makes or sells a good or service.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an example of a producer?

A child who buys a toy

A person who owns a car.

A farmer that grows corn.

A child who eats candy.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a consumer?

Someone who buys a good or service.

Someone who makes or sells a good or service.

Someone who goes to school.

A farmer who grows corn.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a good?

Work someone does for someone else.

Something that glows.

A good is any product that is made or grown.

I don't know!

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an example of a good?

A computer

Getting a haircut

Building a house

I don't know!

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a service?

Products that are made or grown.

Work that someone does for someone else.

A person

I don't know!

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