pencil-icon
Build your own quiz

Social Studies

3rd

grade

Image

Economy Standards Quiz

7
plays

14 questions

Show Answers
See Preview
  • 1. Multiple Choice
    1 minute
    1 pt

    Which of the following are true about an economy.

    *Name two answers*

    in the United States we have a free-market economy- we can freely buy and trade goods and services

    It is the way that our government is divided into three separate branches

    in a healthy economy the demand for goods and services is low

    an economy is the way a country manages its money and resources to produce, buy, and sell goods and services

  • 2. Multiple Choice
    1 minute
    1 pt

    What does the term "supply" mean?

    the workforce

    the total amount of goods or services available for customers to buy

    money collected by the state and local government

  • 3. Multiple Choice
    1 minute
    1 pt

    What does the term "demand" mean?

    the money citizens pay the government based on their income

    materials from nature used to produce goods and services

    the total amount of goods and services that customers will buy at a certain price

  • Answer choices
    Tags
    Answer choices
    Tags

    Explore all questions with a free account

    Already have an account?