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Social Studies Econ

Authored by Ken deGeus

Social Studies

3rd Grade

Used 225+ times

Social Studies Econ
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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

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Why do we have currency (money).

To trade labor for goods and services.

To get super rich.

So we can trade currency (buy) for goods and services.

So we can make stuff and provide services.

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

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Joel and Tiffany went to the ice cream shop. Joel got a chocolate double scoop and Tiffany bought a vanilla single scoop cone. Ethan made the ice cones. Joel and Tiffany paid for their ice cream and drove off. Who provided the service.

Joel and Tiffany

Only Joel

Only Ethan

Ethan and Tiffany.

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

If you have a business, who would be a human resource in your business.

Someone who shops at your store.

Someone who works for you.

Someone who bought something from you and returned it.

Someone who tries to get you to by something.

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

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When we think of human resources, what is an employee's role in a business?

Labor

Income

land

capital

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

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Michael decides to open up a small mowing service. He takes his lawnmower around the neighbors and mows lawns for $30. Which best describes Michael?

Michael is a capital resource.

Michael is a natural resource.

Michael is an entrepreneur.

Michael is a competitor.

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What type of resource is a tree?

Human resouce

natural resource

entrepreneur

capital good

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

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Dairyn loaded her car up with vegetables to sell at the farmers market. What best describes Dairyn's car?

a capital resource

a natural resource

a human resource

a land resource

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