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

Mary Monaxios

Used 8+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of SUPPLY?

The amount of something that is available.

How much a product is wanted or needed.

Someone who prepares or makes goods and services.

A person who buys and uses up goods.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of DEMAND?

The amount of something that is available.

How much a product is wanted or needed.

Someone who prepares or makes goods and services.

A person who buys and uses up goods.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of PRODUCER?

The amount of something that is available.

How much a product is wanted or needed.

Someone who prepares or makes goods and services.

A person who buys and uses up goods.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of CONSUMER?

The amount of something that is available.

How much a product is wanted or needed.

Someone who prepares or makes goods and services.

A person who buys and uses up goods.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a MARKETPLACE?

The amount of something that is available.

Someone who prepares or makes goods and services.

Items you buy such as clothes, food, and toys.

An open place where sales are held.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are GOODS?

The amount of something that is available.

Someone who prepares or makes goods and services.

Items you buy such as clothes, food, and toys.

An open place where sales are held.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are SERVICES?

An open place where sales are held

A plan for using money.

An action that a person does for someone else.

The amount of something that is available.

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