Economics Test Review
Authored by Madison Ferraro
Social Studies
3rd Grade
Used 26+ times
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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People use their income to do what?
Spend their money on things they want
Save money to pay for goods and services
So they can buy games with their money
Save their money to buy something really nice
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who makes and sells a good or provides a service.
Farmer
Supply
Producer
Consumer
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount producers will make for a certain price.
Demand
Producer
Goods
Supply
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The person who buys a good or service.
Producer
Supply
Consumer
Entrepreneur
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The money countries use to purchase goods and services
Currency
Money
Producer
Consumer
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount consumers are willing to buy for a certain price.
Supply
Demand
Goods
Service
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Machines, tools, and buildings are examples of ____________.
Natural Resources
Capital Resources
Human Resources
Entrepreneur
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