Unit 3 - Economics

Unit 3 - Economics

3rd Grade

43 Qs

quiz-placeholder

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Unit 3 - Economics

Unit 3 - Economics

Assessment

Quiz

Social Studies

3rd Grade

Medium

Created by

Lauren Curtis

Used 10+ times

FREE Resource

43 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People must make choices because of ____, or the idea that people want more things than they can have.

economy

goods

market

scarcity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Items that can be bought, sold, and traded are called ____.

economy

goods

market

scarcity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____ are tasks you pay someone to do for you.

Economy

Services

Market

Scarcity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ____ is the system in which goods and services are bought and sold.

economy

services

market

scarcity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A place where buyers and sellers come together in called a(n) ____.

economy

goods

market

services

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total amount of a good or service that is available to buy is called ____.

demand

incentive

profit

supply

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total amount of a good or service that customers will buy is called ____.

demand

incentive

profit

supply

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