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WorksheetsThird Grade Economics
Total questions: 15
Worksheet time: 8mins
Put the words Supply and Demand in the correct part of the sentence below:
Clothes Closet had to reduce the price of their winter coats in April.
Their _________ was high and the _____________ was low.
supply high, demand low
supply high, demand high
supply high, demand high
supply low, supply low
At Middletown Market where would you go to buy medicine?
pharmacy
Bank
Post Office
The bakery's new cherry pies are a big hit. The bakery has a hard time keeping up with the Supply of pies or the Demand of pies.
Supply
Demand
The pizza shop is adding on a new outside dining area on a deck. Choose at least three resources they will need.
wood
dog
carpenter
furniture
cookies
The pharmacy got in a large shipment of shampoo. Does this mean the pharmacy has a high supply or high demand of shampoo?
high supply
high demand
The pet store has pet care videos that you can rent. There is a late fee if you don’t return them on time. Is this a positive or negative incentive?
positive
negative
The manager of the flower shop wrote down all of his income and expenses to see what he has to spend and save. He is working on his…..
Opportunity Cost
Budget
Incentive
Which business is in economic competition with the diner?
Gus's Grocery
Bank
Snack Shack
Pharmacy
The pet store is hiring dog walkers. What type of resource are dog walkers?
Capital
Natural
Human
The bank gives you interest ( or a little extra money) for saving your money with the bank. Is this a positive or negative incentive?
positive
negative
Garth bought both cupcakes and stamps. Which TWO places did he visit while at the market?
Post Office and Bakery
Post Office and Flower Shop
Bakery and Mia’s Cookies
The Dance Center decides to start selling dance shirts and shorts. Which other store are they now in competition with?
Flower Shop
Clothes Closet
Bank
While at the Snack Shack, Cam wants a hot dog and fries, but he doesn’t have enough money. He decides on the fries. What is the opportunity cost of his decision?
He leaves with nothing
He gets a burger
He gives up the hot dog
Which store in Middletown Market is in competition with the bakery?
Pa’s Pizza
Mia’s Cookies
Flower Shop
Which place at Middletown Market is a service provided by the federal government?
Post Office
Dance Center
Diner
