Economics Review

Economics Review

3rd Grade

11 Qs

quiz-placeholder

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Economics Review

Economics Review

Assessment

Quiz

Social Studies

3rd Grade

Medium

Created by

CHASTITY Smith

Used 88+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People in FL trade oranges and avacados for corn and shrimp with people from NC. Which sentence best explains why?

People in FL don't like oranges.

People in FL don't like avacdos.

People in FL want corn and shrimp and they don't have them.

People in NC don't like corn or shrimp.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a need?

Something you have to have to survive.

Something that makes your life more enjoyable.

Something you get from the store.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a good?

A service you provide like cutting hair or washing cars.

Something you need to survive.

Something you buy with money.

Anything you buy that you can hold or touch.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does scarcity lead to trade?

One country needs resources another country has.

One country has too much of a resource.

One country has more people than another.

One country is closer than another.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which shows a good being traded for a service.

You can buy my scooter for $5.

You can have my scooter for free.

You can have my scooter if you wash my bike.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a consumer?

The person who provides the goods.

The person who provides the services.

The person who buys the goods or pays for a service.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a producer?

The person who offers the service or sells the goods.

The person who buys the food.

The person who pays for the service.

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