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ECONOMICS Flashcards | StudBud
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ECONOMICS
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3rd grade economics in Florida
Flashcards
38 cards
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Practice quiz
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Questions
38
Answers
1
The U. S. is the only place that has dollars.
True
False
2
What kind of resource is this?
Natural Resource
Capital Resource
Human Resource
3
Jill is reading a book.
producer
consumer
4
In December, a store has LOTS of Christmas trees. What is the supply and demand for trees?
low demand high supply
high demand low supply
high demand high supply
low demand low supply
5
Which is an example of bartering?
Adam washed Rebecca's car. She gave Adam $5.
Mom wrote a check at the store to pay for her groceries.
Cheyenne gave Mackenzie a present on her birthday.
Dakota gave his apple to Savy. Save gave Dakota a cookie.
6
Mexican bills are different lengths to easily tell them apart.
False
True
7
Ellie is baking a cake for her friend's birthday.
consumer
producer
8
What kind of resource is this?
Natural Resource
Human Resource
Capital Resource
9
What happens when you borrow money from the bank?
The bank pays someone else interest.
You pay the bank interest.
You make a deposit in the bank.
The bank pays you interest.
10
All of the countries in the Caribbean use the same kind of money.
True
False
11
Not having enough of something is called...
deposit
resource
currency
scarcity
12
The US sends oranges to Costa Rica.
export
import
13
In July, a store is running low on sunscreen. What is the supply and demand for sunscreen?
low demand high supply
high demand low supply
high demand high supply
low demand low supply
14
Making one kind of good or service is called ...
barter
interdependence
specialization
opportunity cost
15
What kind of resource is this?
Human Resource
Capital Resource
Natural Resource
16
Tea leaves do not make good money because they are NOT
durable
portable
divisible
17
Tony is eating a apple at school for lunch.
consumer
producer
18
The US gets bananas from Costa Rica.
import
export
19
Big rocks do not make good money because they are NOT
portable
divisible
durable
20
Depending on others to produce things that you need is called ...
specialization
interdependence
barter
opportunity cost
21
Marko sets up a lemonade stand in his yard.
consumer
producer
22
What is a loonie?
A kind of money used in Ancient China.
The kind of paper Mexican money is printed on.
A person who does not want to barter.
An 11-sided coin used in Canada
23
How does advertising help demand for a product?
Advertising causes demand to stay the same
Advertising causes demand to go down
Advertising causes demand to go up
24
In November, what will happen to the price of Halloween candy?
price will go down
price will go up
price will stay the same
25
Trading without using money is called ...
opportunity cost
interdependence
specialization
barter
26
Anything used to produce goods is called a ...
scarcity
currency
deposit
resource
27
What kind of resource is this?
Capital Resource
Natural Resource
Human Resource
28
What kind of resource is this?
Capital Resource
Human Resource
Natural Resource
29
A country's system of money is...
resource
currency
scarcity
deposit
30
Jason buys a candy bar at the store.
producer
consumer
31
To give money to the bank is...
currency
deposit
scarcity
resource
32
The thing you give up when you buy something else is called ...
opportunity cost
barter
interdependence
specialization
33
Canadian money is printed on plastic paper called a polymer.
False
True
34
Which list shows only needs ...
nail polish, TV, sweater
sweater, water, apple
water, shirt, nail polish
shoes, shirt, necklace
35
Gabe earned $10 for washing his dad's car.
consumer
producer
36
What kind of resource is this?
Capital Resource
Human Resource
Natural Resource
37
What kind of resource is this?
Natural Resource
Human Resource
Capital Resource
38
Canadian, Mexican, and the East Caribbean money have the picture of the Queen Elizabeth.
True
False
