Worksheets3rd Grade Economics
Total questions: 14
Worksheet time: 7mins
Name
Class
Date
1.
Money a person earns from a job
a)
spending
b)
income
c)
scarcity
d)
budget
2.
Getting a haircut
a)
example of scarcity
b)
example of a service
c)
example of a good
d)
example of a consumer
3.
A line of workers and machines working together to produce something
a)
Henry Ford
b)
producers
c)
scarcity
d)
assembly line
4.
Founder of a cookies company
a)
Henry Ford
b)
Sam Walton
c)
Wallace Amos
d)
Milton Hershey
5.
Not enough of something to meet people’s needs
a)
Budget
b)
Consumer
c)
Scarcity
d)
Basic Needs
6.
Using money to pay for goods and services
a)
Spending
b)
Saving
c)
Budgeting
d)
Free Market
7.
A written plan that shows income, spending, and saving
a)
Scarcity
b)
Free Market
c)
Income
d)
Budget
8.
Founder of a cosmetics company
a)
Milton Hershey
b)
Mary Kay Ash
c)
Henry Ford
d)
Wallace Amos
9.
People who make or grow goods
a)
consumer
b)
producer
c)
spender
d)
buyer
10.
Founder of a chocolate company
a)
Milton Hershey
b)
Sam Walton
c)
Mary Kay Ash
d)
Wallace Amos
11.
Founder of Wal-Mart Stores
a)
Sam Walton
b)
Milton Hershey
c)
Mary Kay Ash
d)
Milton Hershey
12.
People decide what they want to produce and what they want to buy
a)
free market
b)
producers
c)
consumer
d)
donation
13.
Who said it:
"We sell for less, always!"
"We sell for less, always!"
a)
Milton Hershey
b)
Sam Walton
c)
Mary Kay Ash
d)
Henry Ford
14.
Who said it:
"Nothing is particularly hard if you divide it into small jobs"
"Nothing is particularly hard if you divide it into small jobs"
a)
Milton Hershey
b)
Henry Ford
c)
Mary Kay Ash
d)
Sam Walton
100 %
