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Third Grade Economics

Total questions: 11

Worksheet time: 6mins

Name
Class
Date
1.

A _________ makes a good or provides a service for consumers.

a)

consumer

b)

producer

c)

natural resource

d)

price

2.
Someone who makes a product to sell is a ____________.
a)
human resource
b)
consumer
c)
producer
d)
trader
3.

What is this a picture of?

a)

Want

b)

Need

c)

Natural Resource

d)

Consumer

4.

A ________ is someone who purchases goods or services.

a)

Producer

b)

Consumer

c)

Service

d)

Worker

5.

Is this person a consumer or a producer?

a)

Consumer

b)

Producer

6.

Does this person provide a good or service?

a)

Good

b)

Service

7.

Is this person a producer or a consumer?

a)

Consumer

b)

Producer

8.

It is almost time for Valentine's Day and stores are running out of cards. The price of cards will ___________.

a)

Increase

b)

Decrease

9.

A video game store has too many of the old version of Mario Kart. The new Mario Kart game is coming soon. What will happen to the price of the old Mario Kart game?

a)

The price of the old Mario Kart game will decrease.

b)

The price of the old Mario Kart game will increase

10.

___________ are people who take risks of organizing resources to produce goods and services.

a)

Producers

b)

Consumers

c)

Entrepreneurs

d)

Customers

11.

Vernon Rudolph, the founder of Krispy Kreme was a _____.

a)

Entrepreneur

b)

Consumer

c)

Service Provider

d)

Natural Resource