Economics 3rd Grade Review

What are products we buy called?

• services

• economy

• goods

Are libraries public or private property?

• private

• public

Tags

CCSS.RI.3.2

CCSS.RL.3.2

CCSS.RI.4.2

CCSS.RI.2.2

CCSS.RL.4.2

Are homes private or public property?

• public

• private

Are parks private or public property?

• public

• property

What is opportunity cost?

• your choice

• what you give up to make a choice

Who are the people who buy and use products?

• producers

• scarcity

• consumers

• goods

Tags

CCSS.RI.1.5

CCSS.RI.2.5

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

Which of these are services? Choose all that are correct.

• mowing a lawn

• teaching

• entertaining

• books

I give Sam $4 for a sandwich. Is this an example of bartering?

• yes

• no

What type of resources are these?

• capital

• natural

• nautical

• human

Which of the following is a good?

• getting hair cut

• clothes

• oil change

• car wash

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.2.3D

CCSS.RF.2.3F