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Economics Review 3rd Grade Flashcards | StudBud
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Economics Review 3rd Grade
Economics Review 3rd Grade
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3rd Grade Economics Review
Flashcards
16 cards
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Practice quiz
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Questions
16
Answers
1
What is a place where anyone can sell anything as long as it is legal?
Bank
Library
Free Market
School
2
What does it mean when a product is really popular?
Low Demand
High Demand
Low Supply
High Supply
3
Someone who buys goods is called a what?
consumer
buyer
purchaser
producer
4
What is a budget?
a plan to save and spend your money
expenses
borrowing money to pay your bills
money that you owe
5
What is it called when you borrow money from someone?
expense
a loan
supply
demand
6
What is a human resource?
tools that fix things
crops
machines that build things
workers on an assembly line
7
Someone who makes goods is called what?
Producer
Maker
Consumer
Gooder
8
Which of these is a need?
water
video games
pet
cell phone
9
What is something that can be bought, sold, or made?
Budget
Goods
Allowance
Debt
10
Things that we use that come from nature are what?
Profit
Natural Resources
Human Resources
Capital Resources
11
Teachers, Taxi Drivers, Car Mechanics are all examples of what?
profit
services
product
goods
12
Which of these is a good?
Baby Sitter
Shoes
Taxi Driver
Teacher
13
What is it called when you owe someone money?
interest
debt
economics
money
14
Which one of these is a service?
ketchup
car
maid
cell phone
15
What is it called when there is not much left of a resource?
Debt
Scarcity
Supply
Abundance
16
Which is a capital resource?
Machines
Milk
Iron
People lifting things
