3rd Grade Economics

Front

What is a trade?

Back

To buy, sell, or exchange something

Front

What are synonyms for bartering?

Back

trading or exchanging

Front

Import means to...

Back

bring something into the United States

Front

Export means to...

Back

send out of the United States

Front

Which of these comes from a factory? Toys, Bananas, Tomatoes, Apples

Back

Toys

Front

What is the best reason to save money? Options: to fill a piggy bank, to count all the pennies, to get many small things, to be able to buy things later

Back

to be able to buy things later

Front

Does this person provide a good or a service?

Back

service

Front

If you buy your friend a cupcake are you giving them a good or providing a service?

Back

good

Front

What is an opportunity cost?

Back

something you give up or the next best choice

Front

Does this person provide a good or a service?

Back

service