
Economics Understandings Study Guide
Authored by Kati Mincey
Social Studies
3rd Grade
Used 60+ times

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19 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Water, air, clothing, food, and shelter are _____________ that we must have in order to survive
wants
needs
resources
taxes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_________________ are something that a country has to help increase its productivity or wealth.
wants
resources
needs
taxes
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_______________ resources are the workers that make the goods or provide the services.
Natural
Capital
Human
Interrelated
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____________ resources are the tools that are produced to help human resources produce more goods.
Natural
Capital
Human
Interrelated
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fossil fuels would be considered _____________________ resources since they come from nature.
natural
capital
human
interrelated
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
____________ are the people that buy or purchase goods and services.
Services
Goods
Consumers
Producers
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People that make or produce goods are called _________________.
services
goods
consumers
producers
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