Michigan Economics -3rd Grade

Michigan Economics -3rd Grade

3rd Grade

21 Qs

quiz-placeholder

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Michigan Economics -3rd Grade

Michigan Economics -3rd Grade

Assessment

Quiz

Education

3rd Grade

Hard

Created by

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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