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Economics Study Guide

Authored by Bryanna Mayers

Social Studies

3rd Grade

Used 7+ times

Economics Study Guide
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50 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Choose all statements that apply to Natural Resources.

used to meet wants and needs

something from the land

a completed good to be used, not made into another good

a house is an example

trees are an example

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A _____________ is something found in nature that people use.

natural resource

mineral

environment

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

You spend money to buy goods and services.

True

False

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a good?

Work that people do.

Things that taste good.

Items you can see, like a pencil or a car.

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a service?

Work that people do, like cutting hair or fixing a car.

Things you buy at Walmart.

Doing your homework.

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a consumer?

Something you can buy.

A person who uses goods and services.

A place to start a business.

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Producers make their goods close to the resources they ned to save money.

True

False

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