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3rd Grade Economics Flashcards | StudBud
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3rd Grade Economics
3rd Grade Economics
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3rd Grade Foundations of Economics Review
Flashcards
16 cards
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Practice quiz
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Questions
16
Answers
1
How does the government pay for the goods and services it provides for its citizens?
Borrows money from the bank
Collects taxes
Prints more money
Donations
2
Things that are made or grown......
Services
Goods
Demand
Taxes
3
Something you give up when making a choice.....
Wants
Opportunity Cost
Supply
Services
4
Which is a way that the federal government can meet the needs and wants of it citizens?
Clean water source
Trash pick up
Provide electricity
MIlitary defense
5
Something people must have to live......
Needs
Services
Supply
Wants
6
A fee paid to the government is.....
Opportunity Cost
Wants
Demand
Taxes
7
What type of resource is this?
Supply and Demand
Human Resource
Natural Resource
Capital Resource
8
Is this a good or service?
Service
Good
9
What type of resource is this?
Human Resource
Goods and Services
Capital Resource
Natural Resource
10
Something people would like to have.....
Supply
Needs
Taxes
Wants
11
What type of resource is this?
Human Resource
Barter
Natural Resource
Capital Resource
12
Which one is a service provided by the government?
Taxi service
Mail delivery
Lawn mowing
Car repair
13
Consumers want for a service or good......
Taxes
Demand
Needs
Wants
14
Is this a good or service?
Good
Service
15
The amount of something available to consumers.....
Wants
Taxes
Demand
Supply
16
Work that someone does for someone else.....
Needs
Supply
Services
Opportunity Cost
