3rd Grade Social Studies-Economics

What are reasons to buy local products?

• To support small businesses in the community

• To save money on shipping costs

• The food is fresher

• All of the above

List at least one way that shopping would be different if you were an early American settler.

Soil, water, forests, and minerals are examples of what type of resource?

• A capital resource

• A human resource

• A natural resource

• All of the above

The __________ of a good or service is the price you have to pay.

• cost

• benefit

• need

• want

Human capital is....

• your skills

• your knowledge

• your experience

• all of the above

What is an occupation?

• A job or work

• a vacation

• food and supplies

A person who creates products is called a _________________.

• consumer

• producer

Trees are an example of _____________ resources.

• capital

• human

• natural

An _____________ is a product brought into a country for sale.

• import

• export

An __________ is a product sent out of a country for sale.

• export

• import