3rd Grade Economics Assessment
3rd Grade Economics Assessment
Welcome to the 3rd Grade Economics Assessment quiz! This interactive quiz is designed to help young learners grasp fundamental economic concepts in a fun and engaging way.
Test your knowledge on topics such as:
- Supply and Demand
- Producers and Consumers
- Goods and Services
- Bartering and Needs
What is the term for how much consumers want something?
Economics
Goods
Demand
Supply
What is an example of a producer?
Book store customer
Farmer
Grocery shopper
Circus audience member
________________ is the study of how resources are used, made, distributed, consumed, and exchanged.
Supply
Money
Demand
Economics
What is the term for something that you can buy or use (objects)?
Good
Want
Service
Producer
Which of the following is an example of someone who provides a service?
Waitress
Chef
Car salesman
Baker
______________ is the amount of something available to consumers.
Demand
Service
Scarce
Supply
What is the name for a person who buys and uses goods or services?
Need
Consumer
Producer
Scarce
Needs are things that we must have to stay alive. Check all of the needs.
Computer
Liquids to drink
Legos
IPad
Hoverboard
Food to eat
If there is enough of a product to meet the demand, the product is said to be _____________.
Scarce
Want
Available
Supply
If there is not enough of a product to meet the demand, the product is ______________.
Service
Broken
Available
Scarce
Before money was used, people would barter for what they wanted.
True
False
A flight attendant is an example of someone who provides a good (object).
True
False
Bartering with people of other countries would be easy.
True
False
You are at Disney World when it begins to rain. The demand for umbrellas and ponchos would increase.
True
False
Target had a large supply of Easter eggs, candy, and baskets the day after Easter. The price of those items would increase.
True
False
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