Supply and Demand
Authored by Ashley Downey
Social Studies
3rd Grade
Used 114+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is demand?
The amount of goods being made
How many people want or need something
Where to find a good
The person who makes a good
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a surplus?
When the supply of a good or service is more than the demand.
What you give up in order to buy something.
A trading system.
A season.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
______ Is the value of what you give up when you make a choice.
Trade
Supply
Demand
Opportunity Cost
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Focusing on making one product or service to sell or to trade is called...
Talent
Bartering
Specialization
Surplus
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is it called when we trade goods without the use of money
Bartering
Stealing
Scarcity
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
_____ Are goods brought IN from other countries
Imports
Exports
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
______ are goods sent OUT to other countries.
Imports
Exports
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