Economics 3rd Grade Four Sectors of the US Economy Quiz

______ work together to earn livings and pay their bills.

• income

• households

• needs

• wants

An _____ is a limited amount of money that someone earns.

• income

• consumer

• producer

• budeget

_____ - food, shelter, clothing

• wants

• income

• needs

• goods

Households spend money on ____________.

• income

• goods and services

• consumers

• producers

_______ - a plan for how much money will be spent on each type of item that a person must buy.

• business

• needs

• wants

• budget

________ form the part of the economy where goods are made and services are provided.

• Business

• needs

• wants

• consumers

When you are a manufacturer of one specific thing, you _________.

• consumer

• producer

• budget

• specialize

There are two kinds of accounts that banks offer:

• checking and loans

• checking and investments

• savings and checking

• income and savings

A ______ account is a service in which you put money in a bank so that you can take it out slowly over time.

• savings

• checking

• investment

• interest

Ways to take out money from a checking account:

• checks and loans

• ATM card and interest

• Checks and investment

• ATM card and checks