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Economics QUiz
Quiz
•
Social Studies
•
3rd Grade
•
Easy
Kelly Johnson
Used 6+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who makes goods and/or provides services.
Wants
Opportunity cost
Producer
Natural resources
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who buys and uses goods and/or services.
Scarcity
Money
Barter
Consumer
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Things we would like to have, but don't need to live.
Wants
Human resources
Producer
Economic choice
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Things that we need to live and survive.
Natural resources
Needs
Opportunity cost
Consumer
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Not being able to meet all wants at the same time because resources are limited.
Consumer
Natural resources
Money
Scarcity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The choice that is made
Economic choice
Barter
Opportunity cost
Producer
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The choice that is given up
Capital resources
Opportunity cost
Money
Economic choice
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