Why are entrepreneurs called “risk-takers”?

C. because they could lose all of their money starting a new business

A. because they will be successful at their new business

B. because they get charged more taxes than other business owners

D. because they combine land, labor, and capital to start a new business

Which of the following is NOT a reason why entrepreneurs are important in starting a new business?

A. They combine land, labor, and capital.

B. They take risks to start new businesses.

C. A tax is money that people pay to help support the government.

A. A tax is a service the government provides to its citizens.

B. A tax is money people have leftover after purchasing goods.

D. A tax is a service that people provide by working for the government.

How did the city MOST LIKELY pay for the new park?

D. The city paid for the park with taxes paid by the citizens.

A. The city collected donations to pay for the park.

B. The mayor of the city paid for the park all by himself.

C. The city used land, labor, and capital to pay for the park.

Why do citizens pay taxes to the government?

B. To help support government services and jobs

What is the MOST LIKELY reason that Donnie’s store has shoes?

D. The shoes were made in another part of the country and sent to the store.

A. The shoes were made by the local government using taxes.

B. The shoes were made by workers at the store and put on sale.

C. The shoes were made by the local basketball team and sent to the store.

Why did Tasha and Desmond pay for the ice cream at Bruster’s?

B. Because they were the consumers

A. Because they made the ice cream

D . Because they worked at Bruster’s

If Donnie wants to buy a new type of shoe that is not available in his local store, what should he do?

C. Look for a store that gets shoes from other parts of the country

A. Wait for the local basketball team to make it

B. Ask the government to make it

Donnie is able to buy different types of shoes at his local shoe store. What is the MOST LIKELY reason that Donnie’s store has shoes?

C. The shoes were made in another part of the country and sent to the store.

A. The shoes were made by the local government using taxes.

B. The shoes were made by workers at the store and put on sale.

D. The shoes were made by the local basketball team and sent to the store.

Use the information to answer the question. Which of the following BEST completes boxes 1 and 2?

B. 1=Sharon makes quilts; 2=Lucy buys the quilts.

A. 1=Miguel saves money; 2=Julio spends money.

C. 1=Mike buys furniture; 2=Diego makes the furniture.

D. 1=Jamal earns an allowance; 2=Larry works for his income.

Georgia grows a lot of peaches. Peaches do not grow well in Hawaii. Hawaii grows pineapples, but Georgia does not. How do the two states meet their needs?

B. The two states trade fruits with each other.

A. two states consume each other’s fruits.

C. The two states donate their fruits to each other.

D. The two states tax the fruits to make more money.

Which of the following are MOST LIKELY paid with money collected through taxes?

D. teachers, firefighters, mayors

B. reporters, farmers, painters

C. builders, mechanics, truckers

Productive Resources Worksheet

Quiz

•

Social Studies

•

3rd Grade

•

Practice Problem

•

Hard

Viola Francis

Used 3+ times

FREE Resource

26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Claire loaded her truck with vegetables from her garden to sell at a local market. Which of the following BEST describes Claire's truck?

A. land resource

B. capital resource

C. natural resource

D. human resource

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Jennifer works for the Coca Cola company as a truck driver. What type of resource is Jennifer?

A. a capital resource

B. a human resource

C. a natural resource

D. an entrepreneurial resource

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which is a capital resource that a lawn-care company would need?

A. tools

B. lawns

C. customers

D. employees

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which type of productive resource is a tree?

A. capital resource

B. human resource

C. natural resource

D. entrepreneurial resource

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Imagine you are starting a lemonade stand. Which of the following would be considered a human resource?

A. the lemons

B. the person selling lemonade

C. the table used for the stand

D. the money earned

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Jimmy wants to open his own car repair shop. He has plenty of workers, but he does not have a building. What type of resource is the building?

A. land resource

B. capital resource

c. natural resource

D. human resource

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

On weekends, Josh pulls his lawnmower behind his bike and mows people’s lawns for $20. Which of the following BEST describes Josh?

A. Josh is a natural resource.

B. Josh is a capital resource.

C. Josh is an entrepreneur.

D. Josh is a competitor.

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Productive Resources Worksheet

26 questions

Claire loaded her truck with vegetables from her garden to sell at a local market. Which of the following BEST describes Claire's truck?

Jennifer works for the Coca Cola company as a truck driver. What type of resource is Jennifer?

Which is a capital resource that a lawn-care company would need?

Which type of productive resource is a tree?

Imagine you are starting a lemonade stand. Which of the following would be considered a human resource?

Jimmy wants to open his own car repair shop. He has plenty of workers, but he does not have a building. What type of resource is the building?

On weekends, Josh pulls his lawnmower behind his bike and mows people’s lawns for $20. Which of the following BEST describes Josh?

Why are entrepreneurs called “risk-takers”?

Which of the following is NOT a reason why entrepreneurs are important in starting a new business?

If Josh did not have a lawnmower, which type of resource would he be missing?

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