Economics and Personal Finance Review

Economics and Personal Finance Review

Assessment

Flashcard

Social Studies

3rd Grade

Hard

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15 questions

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1.

FLASHCARD QUESTION

Front

Jennifer works for the Pepsi company as a truck driver. What type of resource is Jennifer?

Back

Human Resource

2.

FLASHCARD QUESTION

Front

Which is a capital resource that a lawn-care company would need? Options: Lawn Mower, Lawns, Customers, Employees

Back

Lawn Mower

3.

FLASHCARD QUESTION

Front

Which of the following correctly describes an entrepreneur?
Options:
Christina folding laundry because it is one of her chores.
Jacob starting his own doggy daycare and hiring his friends.
Kimberley babysitting her brother while her parents go to the movies.
Brandi getting a job so she can buy Christmas presents.

Back

Jacob starting his own doggy daycare and hiring his friends.

4.

FLASHCARD QUESTION

Front

Why are entrepreneurs considered "risk-takers"?

Back

Their business could fail and they could lose all the money they have invested into it.

5.

FLASHCARD QUESTION

Front

Which of the following is true about supply and demand?
Options:
If demand is greater than supply, prices are lower.
If supply is greater than demand, prices are lower.
If supply is equal to demand, the prices are lower.
If supply is greater than demand, the prices are higher.

Back

If supply is greater than demand, prices are lower.

6.

FLASHCARD QUESTION

Front

What is a tax?

Back

A tax is money people pay to support the government.

7.

FLASHCARD QUESTION

Front

If a city builds a new park, how will it be paid for?

Back

The city used tax money paid by the citizens

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