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WorksheetsUnit 3 - Economics
Total questions: 24
Worksheet time: 12mins
By selling products we have to other states or counties, we can buy products we need.
True
False
You can always buy what you want, when you want it.
True
False
When you exchange goods, you get nothing back.
True
False
Paper currencies in the United States and Canada are called "dollars".
True
False
Buying goods from local stores helps your community's
parks
economy
environment
libraries
Money comes in
shells
jewelry
only large amounts
paper bills and coins
Florida _________ with other states for products like cheese and beef.
argues
trades
shares
interacts
When an ice storm destroyed the tomato crop, Shane's favorite restaurant had a low ____________ of tomatoes.
demand
scarcity
trade
supply
________________ are one of Canada's most important resources.
tundra
water
trees
arable land
If a store has too many stuffed animals, the store may have to _______________ because the demand is low.
lower their prices
increase their prices
return them to the factory
give them away for free
Currency has ____________________ on it to help people recognize which country it is from.
buildings
people
animals
symbols
A ___________ is a service worker.
teacher
nurse
librarian
all of the above
What might happen if watermelons are in high demand?
The prices will decrease.
The prices will increase.
There will be too many watermelons.
The watermelons will go bad.
Melissa and her mom went shopping to buy a new book. Melissa and her mom are ___________________.
bookworms
buyers
sellers
owners
Cole is the owner of Bookwors, which is the bookstore where Melissa and her mother bought a book. He is a _________.
bookworm
buyer
seller
customer
A country's money system is its _________________.
symbol
durable
characteristics
currency
A country's money system is its _________________.
symbol
durable
characteristics
currency
The U.S. dollar bill can be folded more than 4000 times before it tears. It is _________________.
symbol
divisible
durable
characteristics
The golden eagle is on Mexican coins because it is a ___________________ of Mexico.
symbol
durable
characteristics
currency
A ______________ purchases goods and services.
seller
exchange
buyer
goods
A _______________ is a person who sells goods and services.
service
seller
exchange
buyer
A _______________ is something useful that people can do for others.
service
seller
exchange
buyer
__________ is the amount of goods that are available at any time.
trade
demand
supply
scarcity
When things are scarce, people may ___________ with each other for the products they want or need.
trade
demand
supply
scarcity
