III QUARTER EXAM

Economics helps us learn how money works and how people make

choices about what to buy and sell.

• Verdadero
• FALSO

Learning about economics early can help us know how to save money

and make good choices with what we have.

• Verdadero
• FALSO

Is how much of something is available to be sold, like toys in a store.

Is how much people want to buy something, like how many kids

want those toys.

are things you can touch and buy, like toys, books, or clothes.

Are things people do for you, like haircuts, teaching, or

delivering mail.

Is what we use to buy things. It comes in coins and bills.

Are things we must have to

live, like food, water, and shelter.

• Needs

• Supply

• Wants

Are things we would like to

have, but we can live without them,

like toys, games, or treats.

• Wants

• Needs

• Demands

TRADE refers to the exchange of goods and services between people,

companies or countries. It can be local, national or international trade. .

• Verdadero
• FALSO