the amount of money you pay to buy something

Interdependence means

thatpeople depend on each other.

A natural resource is....

something that is found in nature like land, trees, & water

thereis not enough of something.

thething you give up in order to get something else.

person who does a job like a labor worker or a teacher.

a personwho makes the goods or services.

An entrepreneurship resource

issomeone who opens their own business

person who buys goods and services.

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Duplicate of 3rd Grade Economics Review

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3rd grade GPS

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Questions 23

Answers

1
___________ is used to buy goods and services.
producer
currency
price
services
2
Price is....
person who does a job like a labor worker or a teacher.
issomeone who opens their own business
the amount of money you pay to buy something
3
Things people need to survive.
wants
entrepreneurship
basic needs
consumer
4
A good is....
a person who makes the goods or services.
things people make or grow
something that is found in nature like land, trees, & water
person who buys goods and services.
5
An example of a natural resource
a farmer
bulldozerfor moving dirt
a tree
a teacher
6
An example of a capital resource
a tree
a farmer
bulldozerfor moving dirt
a teacher
7
A place where people's money is kept
savings
bank
currency
specialization
8
Money put away to keep for later
currency
wants
savings
services
9
Another name for currency is __________.
allocating
price
consumer
money
10
A synonym for barter where one person trades with another person for a good or service.
consumer
trade
service
interdependence
11
A person's focus on one product or service is __________.
wants
scarcity
needs
specialization
12
Interdependence means
businesses compete with each other
meansthat there is not enough of something.
thatpeople depend on each other.
13
A place where people live, work, and play is called a ___________.
community
economics
bank
barter
14
The making, buying, or selling of things people need or want is called _____________.
need
economics
scarcity
good
15
A natural resource is....
person who buys goods and services.
a person who makes the goods or services.
things people make or grow
something that is found in nature like land, trees, & water
16
Scarcity means....
thereis not enough of something.
there is just enough of one thing
I don't know!
there is too much of one thing
17
Opportunity cost is
thegood thing you get out of buying something
meansthere is not enough of something
thething you give up in order to get something else.
themoney people earn for working
18
A human resource is
issomeone who opens their own business
isthe amount of money you pay to buy something
person who does a job like a labor worker or a teacher.
19
A producer is....
a personwho makes the goods or services.
personwho buys goods and services.
thingspeople make or grow
somethingthat is found in nature like land, trees, & water
20
An entrepreneurship resource
issomeone who opens their own business
isthe amount of money you pay to buy something
personwho does a job like a labor worker or a teacher.
21
Things people would like to have
scarcity
economics
needs
wants
22
A consumer is....
things people make or grow
something that is found in nature like land, trees, & water
person who buys goods and services.
a person who makes the goods or services.
23
Things people do that cannot be touched or held.
services
goods
producer
money

Duplicate of 3rd Grade Economics Review Flashcards | StudBud