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3rd Grade - Economy of Michigan Flashcards | StudBud
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3rd Grade - Economy of Michigan
3rd Grade - Economy of Michigan
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Questions relating to the Michigan MC3 3rd grade Economy unit.
Flashcards
21 cards
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Questions
21
Answers
1
Which of the following fruit
is
grown in Michigan?
pineapples
dragon fruit
cherries
oranges
2
Since Michigan does not grow bananas, we have to ________________ them from South America.
research
import
manufacture
export
3
Why does the state of Michigan collect taxes, fees, and fines?
Used as a way to pay for public goods and services.
The citizens of Michigan do a lot of bad things.
Other states won't give Michigan any money.
People who run the state want to get rich.
4
A good that people in one place
send out
to people in another place when they trade.
specialization
export
import
tourist
5
A person who combines natural, human, and capitol resources to produce goods or services.
entrepreneur
tourist
6
Water, soil and trees are examples of this type of resource:
human
capital
natural
7
Trucks, machines, robots and buildings are examples of which type of
resource
?
capital
human
natural
8
When you exchange one thing for another, it is called a ______________.
trade
limited resource
fine
resource
9
When people visit an area and spend money, we call it ________________.
tourism
trading
exporting
human resources
10
To stay at a state campground, you would have to first pay ___________________.
your taxes
a fine
attention
a fee
11
Truck drivers, engineers, and designers are a part of which
resource
?
human
natural
capital
12
A driver's license is considered a....
song by Olivia Rodrigo
tax
fee
fine
13
What causes scarcity?
Resources are limited, but people's wants are unlimited.
There is not enough work for everyone to do.
When a city is very scary.
People don't want to work hard.
14
________ is not having enough of something, so people have to make choices.
Specialization
Scarcity
Tourism
Interdependence
15
The study of how people use limited resources to produce goods/services that people want/need.
The 5 Themes of Geography
Civics
Economics
History
16
A choice that you give up when you choose something else is called...
interdependence
goods and services
research and development
opportunity cost
17
When people rely on
other people
for things they do not produce, it is called....
scarcity
manufacturing
interdependence
incentives
18
This is something used to get people to buy certain goods or services.
an opportunity cost
a resource
an incentive
a tax
19
Which is a
public good
provided by the Michigan government?
bridges
cereal
furniture
automobiles
20
Which is a public service provided by the Michigan government?
The State Police
Comerica Bank
Detroit Tigers Baseball Team
Walmart
21
When a state focuses on a
one
certain kind of crop, this is an example of...
economics
scarcity
specialization