**REVISED** After a couple years of using this quiz in my own classroom, I decided it needed some changes. There are now two multiple choice options instead of four and two written response questions instead of three. I have also enlarged the font.
I created this quiz to assess my second graders' understanding of the economics concepts of producers, consumers, supply, and demand. Although it was made for second graders, it could also be used with any grade level studying introductory economics.
The assessment consists of three parts. The first part is multiple choice and asks students to choose the correct definitions for producer, consumer, supply, demand, and scarcity.
The second part asks students to identify the pictures as producers or consumers.
The final part of the quiz consists of two written response questions.
An answer key is included.
If you like this product, please check out the Goods & Services quiz available at my store!