3rd Grade Economics

A person who uses money to purchase goods or services is a..

• Consumer

• Banker

• Cashier

• Produser

What is another word for a person who works to produce goods or provides services?

• Human Resource

• Natural Resource

• Consumer

• Capital Resource

Tom loaded his truck with vegetables to take to the local farmers' market. His truck was a..

• Natural Resource

• Capital Resource

• Human Resource

• Commercial Resource

Activities that satisfy people's needs and wants are...

• Groceries

• Learning

• Services

• Recess

What are capital resources?

• water, land, sun

• where the president lives

• the machines needed to produce something

What did most people do to get the things they needed before money was used?

• Borrowed

• Stole

• Bartered

• Did without

Which of the following is not a natural resource?

• Water

• Soil

• Trees

• Workers

Specialization is doing more than one kind of work or selling more than one kind of good.

• True

• False

The people of Ancient Mali specialized in salt trading because salt could be...

• mined in the Sahara Desert

• farmed on the hillsides

• stored in the mountains

• grown along the banks of the Nile River

Which group of people use resources to make goods or provide services?

• Consumers

• Explorers

• Producers

• Shoppers