Third Grade Economics

A _________ makes a good or provides a service for consumers.

• consumer

• producer

• natural resource

• price

Someone who makes a product to sell is a ____________.

• human resource
• consumer
• producer
• trader

What is this a picture of?

• Want

• Need

• Natural Resource

• Consumer

A ________ is someone who purchases goods or services.

• Producer

• Consumer

• Service

• Worker

Is this person a consumer or a producer?

• Consumer

• Producer

Does this person provide a good or service?

• Good

• Service

Is this person a producer or a consumer?

• Consumer

• Producer

It is almost time for Valentine's Day and stores are running out of cards. The price of cards will ___________.

• Increase

• Decrease

A video game store has too many of the old version of Mario Kart. The new Mario Kart game is coming soon. What will happen to the price of the old Mario Kart game?

• The price of the old Mario Kart game will decrease.

• The price of the old Mario Kart game will increase

___________ are people who take risks of organizing resources to produce goods and services.

• Producers

• Consumers

• Entrepreneurs

• Customers