WorksheetsEconomics 3rd Grade (HES)
Total questions: 15
Worksheet time: 9mins
Name
Class
Date
1.
A supply is __________.
a)
Someone who gets paid to work.
b)
Amount of goods or services available.
c)
We are allowed to sell or buy what ever we want.
d)
A plan for earning, spending, and saving your money
2.
We are allowed to buy or sell whatever we want. This is an example of _____________.
a)
supply
b)
consumer
c)
free enterprise economy
d)
scarcity
3.
Mrs. Jones gets paid to work at the bank. She is an ____________.
a)
expense
b)
profit
c)
consumer
d)
employee
4.
A farmer grows crops to sell. The farmer is a _________.
a)
producer
b)
consumer
c)
need
d)
want
5.
Water, food, and shelter are examples of _________.
a)
wants
b)
services
c)
needs
d)
producers
6.
Maria goes to the store to buy food. Maria is a _____________.
a)
consumer
b)
producer
c)
supply
d)
employee
7.
The way a place uses its money, goods, natural resources, and services is the _____________.
a)
budget
b)
expense
c)
scarcity
d)
economy
8.
The U.S.A. brings in or __________ many goods from other countries.
a)
imports
b)
exports
c)
profit
d)
budget
9.
A toy store sells video games. Video games are an example of ___________.
a)
services
b)
producers
c)
goods
d)
needs
10.
The U.S.A. sends out or __________ many goods to other countries.
a)
imports
b)
exports
c)
profit
d)
barter
11.
A shortage of goods and services available is ____________.
a)
budget
b)
economy
c)
scarcity
d)
supply
12.
Sam receives money for working at a restaurant. The money he receives is his ____________.
a)
expense
b)
income
c)
barter
d)
service
13.
Money a person keeps in a bank that pays interest is a _________________.
a)
savings account
b)
expense
c)
good
d)
profit
14.
John goes to a barber to cut his hair. John is a _____________.
a)
producer
b)
employee
c)
barter
d)
consumer
15.
A plan for earning, spending, and saving your money is a ______________.
a)
budget
b)
demand
c)
expense
d)
profit
100 %
