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3rd Grade #Economics Test Review
Flashcards
15 cards
F
Practice quiz
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Host live
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Questions
15
Answers
1
When money can be divided into small amounts it is considered _______ ?
Divisible
Big
Small
Broken
2
________ is how many people want goods and services.
Trade
Demand
Supply
Scarcity
3
If a store has too many oranges, the store may have to do what because the demand is low?
Give them for free
Increase the price
Return them
Lower the price
4
A president on our dollar bills is considered a what of money?
Design
Service
Good
Characteristic
5
What could happen if Legos are in high demand?
The price will increase
The price will decrease
The Legos will be discontinued
The price will stay the same
6
If you buy goods from your local businesses it helps your communities _______ ?
Family
Economy
Land
Park
7
A shortage of a good or service is called?
Supply
Demand
Scarcity
Trade
8
__________ is the amount of goods that are available at any time.
Supply
Buyer
Demand
Symbol
9
What helps us identify money?
All the above
Shape
Size
Color
10
Oil is something we have to trade for in the US, oil is ______ ?
Gross
Plenty
Scarce
Sticky
11
What is the study of how people use money, goods, and services?
Exchange
Economics
Seller
Goods
12
If Florida has a lot of oranges but needs cheese from another state what could Florida do?
Demand cheese
Trade oranges for cheese
Ask for cheese
Steal the cheese
13
A country's money system is its ________ ?
Service
Good
Character
Currency
14
Who is a person who purchases a good or service?
Trader
Buyer
Seller
A dog
15
In Mexico their currency is called _______ ?
Pesos
Centavos
Mil
Dollars