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Georgia Third Grade Economics Flashcards | StudBud
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Georgia Third Grade Economics
Georgia Third Grade Economics
30 terms
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StudBud Administration
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1,190 plays
Review for economics assessment.
Flashcards
30 cards
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Practice quiz
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Host live
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Questions
30
Answers
1
NEED=you must have to survive. WANT=you do not need but would like it. An IPAD is__________
want
need
2
Goods that are produced or used to make goods and servides are what type of resource?
Human
Entrepreneurial
Capital
Natural
3
An exchange of a good or service for a good or service is called _________.
currency
trade
budget
export
4
Producers sell _______________ and services.
fees
taxes
workers
goods
5
Money used in a country is called _________.
budget
trade
currency
export
6
People working to provide goods and services are what type of resource?
Capital
Human
Entrepreneurial
Natural
7
NEED=you must have to survive. WANT=you do not need but would like it. SHELTER is__________
want
need
8
A consumer ______________________
owns a farem
buys goods
sells vegetables
makes a costume
9
I buy toys from Toys R Us. Who am I?
producer
consumer
10
The people with the ides are what type of resource?
Natural
Capital
Entrepreneurial
Human
11
A plan for using money is called a/an ______________
budget
currency
export
trade
12
Which of the following is a natural resource?
chair
teacher
coal
book
13
Things from earth that people can use (land, water, fruit, etc) are what type of resource?
Human
Entrepreneurial
Capital
Natural
14
I go to the laundry mat and use the washer and dryer. Who am I?
consumer
producer
15
I grew corn to be sold at a vegetable stand. Who am I?
producer
consumer
16
NEED=you must have to survive. WANT=you do not need but would like it. WATER is__________
need
want
17
NEED=you must have to survive. WANT=you do not need but would like it. A PET is__________
want
need
18
I just got done making fresh bread to sell at the farmers market. Who am I?
consumer
producer
19
NEED=you must have to survive. WANT=you do not need but would like it. CANDY is__________
need
want
20
NEED=you must have to survive. WANT=you do not need but would like it. ICE CREAM is__________
need
want
21
Something that a country sells to another country is called a/an ______________
budget
export
currency
trade
22
What do taxes pay for?
all of the above
firefighters
public education
police protection
23
Capital, natural, human and entrepreneurship are all types of ____________
demands
exports
currency
resources
24
NEED=you must have to survive. WANT=you do not need but would like it. FOOD is__________
need
want
25
The government provides any service. Where does the money come from to pay for these services?
taxes
bank
foreign friends
donations
26
What is another name for products that can be bought and sold?
factories
goods
services
shops
27
The price of a thing depends on supply and ____________.
demand
dentists
trade
delay
28
Which is a job that provides services?
all of the above
firefighter
police officer
teacher
29
NEED=you must have to survive. WANT=you do not need but would like it. AIR is__________
need
want
30
There are 50 games. 70 people want them. They become sold out. What is this an example of?
scarcity
opportunity cost
natural resources
supply and demand