Michigan Economics -3rd Grade
Quiz
•
Education
•
3rd Grade
•
Hard
Branden Bilicki
Used 12+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the study of the buying, making, and selling of goods and services
good
economics
scarcity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
______________ are people who use natural resources, human resources, and capital resources to make goods or provide services.
Producers
Services
Goods
Resources
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
________________ are activities that satisfy people’s needs and wants.
Goods
Services
Needs
Wants
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_______________ resources are materials that come from nature.
Special
Natural
Human
Capital
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
______________ resources are people working to produce goods or provide services.
Capital
Human
Natural
Manufactured
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The good or service that you give up when you make an economic choice is called _____________________.
opportunity cost
economic choice
economic interdependence
economic specialization
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Two or more people depending on each other for goods and services is called __________________________.
economic specialization
scarcity
economic choices
economic interdependence
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