Economics Quiz 3rd Grade

Brittany decides to have a garage sale. Her friend Briana comes over to help. They decide to make lemonade to sell because it was a hot day. Brittany took out lemons. Briana used a juicer to squeeze juice from the lemons. They had a great day. What type of productive resource are the lemons?

• Capital

• Human

• Natural

• Entrepreneur

Brittany decides to have a garage sale. Her friend Briana comes over to help. They decide to make lemonade to sell because it was a hot day. Brittany took out lemons. Briana used a juicer to squeeze juice from the lemons. They had a great day. What type of productive resource is the juicer?

• Capital

• Human

• Natural

• Entrepreneur

Which of these people is MOST LIKELY paid using tax money collected by a local government?

• Firefighter

• Artist

• Chef

• Manager of a store

A kid has invented and produced a new type of shoe. This is an example of:

• Interdependence

• Entrepreneurship

• A Natural Resource

What is a human resource?

• Things found in nature that we use to survive.

• Machines and other tools used to make a product.

• The people and their labor and skills used to produce a good.

• A person who starts a business to make money.

This is a picture of a farmer riding on his cotton picker. Which of the following is an example of a natural resource?

• the cotton

• the farmer

• the tires

• the gas

Brittany decides to have a garage sale. She wants to make a little money. Her friend Briana comes over to help. They decide to make lemonade to sell because it was a hot day. Brittany took out lemons. Briana used a juicer to squeeze juice from the lemons. She also added sugar, water and ice to the lemonade. They had a great day. What type of productive resource is Briana?

• Capital

• Human

• Natural

• Entrepreneur

Brittany decides to have a garage sale. She wants to make a little money. Her friend Briana comes over to help. They decide to make lemonade to sell because it was a hot day. Brittany took out lemons. Briana used a juicer to squeeze juice from the lemons. She also added sugar, water and ice to the lemonade. They had a great day.  What type of productive resource is Brittany?

• Capital

• Human

• Natural

• Entrepreneur

Our state government collects sales tax each time someone buys something in Georgia. These taxes are used to pay for

• malls to be built

• schools to be built in Georgia

• your house to be built

• schools to be built in Mexico

All Americans are protected by our military. This service is paid for

• using money we borrow from Mexico.  

• by the mayor in each town.

• using tax money collected by citizens.

• trading goods and services with the military.