3rd Grade: Unit 1 Personal Finance / Economics

Front

Which of these is an example of a human resource? Options: a river, a forest, a teacher, a computer

Back

a teacher

Front

What is the goal for entrepreneurs?

Back

to make a profit

Front

What does the government do with taxes?

Back

provide services to citizens

Front

Who benefited from this voluntary exchange?

Back

both Trish and Greg benefited

Front

Food in restaurants like Chick-fil-A and McDonald’s are allocated, or distributed, using __________.

Back

price

Front

Why is trade with other countries important?

Back

because it gives customers more choices

Front

Why do countries create currency?

Back

so people can buy goods and services

Front

What is Jewel’s opportunity cost if she buys a skateboard instead of a bicycle?

Back

the bicycle

Front

What type of resource is the building for Jimmy's car repair shop?

Back

capital resource

Front

Which of the following is provided by the government using taxes? barber shop, clothing store, police officers, grocery store items

Back

police officers