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WorksheetsKDE SS 3rd Grade Economics
Total questions: 22
Worksheet time: 11mins
The entrepreneur that founded Sam's Club and Wal-Mart
Walt Disney
Sam Walton
Sam Williams
Walter Samuels
A _______ is someone that uses goods and services to satisfy their needs and wants.
consumer
producer
budget
spender
To give money to help someone or an organization.
supplying
demanding
donate
service
He co-founded Microsoft, one of the largest computer software companies.
Wallace Amos
Sam Walton
Bill Gates
Bill Cosby
People that make and provide goods or services are called _______ .
a producer
a provider
savers
spenders
Using money to pay for something.
demanding
serving
consuming
spending
He founded the chocolate company that makes famous bars and kisses.
Milton Bradley
John Hershey
Famous Amos
Milton Hershey
Money that is put away for future use.
Savings
Donating
Goods
Scarcity
The amount of product that businesses are able to offer for sale is called _____ .
budgeting
supply
spending
earning
She was a leading business woman that created a booming cosmetics company.
MaryKay Anderson
Abigail Adams
Mary Kay Ash
Hilary Clinton
The amount of a product that people want to buy.
Free enterprise
Supply
Scarcity
Demand
What you receive as payment is called _____ .
budget
goods
earning
supplies
Things that you buy or consume such as food, books or toys.
limit
payment
groceries
goods
Founder of the "Famous" chocolate chip cookie brand.
Milton Hershey
John Hershey
Wallace Armstrong
Wallace Amos
The system where business are free to decide prices based on supply and demand is called _______ .
free choice
free enterprise
free service
land of the free
Deciding how and when your money goes.
Budget
Scarcity
Bank
Choice
A _______ is something someone does for you.
choice
service
decision
goods
He is known for developing the assembly line.
William Ford
Wallace Amos
Henry Ford
Bill Gates
When the supply of goods or services does NOT meet the demand because supplies are limited.
Sarcasm
Scarcity
Sacred
Scared
Which statement below describes a SERVICE?
"Bouncy Balls: 25 cents each"
"Popcorn: $1.00 per bucket"
"Face Painting: $1.00 per person"
"Glitter Pens: 50 cents each"
Which item in a NEED.
video game
comic book
rain boots
skateboard
Which item is important to have when creating a budget.
A list of monthly bills.
A good guess of your monthly income.
A list of all the stores you like to shop at.
A grocery list.
