wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

First grade Economics

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

I am something you can buy and take home with you.

a)

producer

b)

good

c)

service

d)

income

2.

When someone does something for you and you pay them, it is called a _____________________.

a)

good

b)

income

c)

service

d)

piggy bank

3.

I use my money to buy things. That makes me a __________.

a)

need

b)

consumer

c)

bank

d)

producer

4.

I make things to sell or I provide a service. I am a __________.

a)

producer

b)

consumer

c)

good

d)

service

5.

When we do a job, we get paid money. We call that our _______________.

a)

consumer

b)

want

c)

scarcity

d)

income

6.

When everybody wants something, and there isn't enough to go around we call that______________________.

a)

income

b)

want

c)

scarcity

d)

consumer

7.

Things we have to have to live are called___________________.

a)

needs

b)

services

c)

producer

d)

wants

8.

Things we'd like to have are called ____________________.

a)

needs

b)

income

c)

scarcity

d)

wants

9.

When I keep some of my money for things I might need we call that ____________________________.

a)

spending

b)

saving

c)

scarcity

d)

wants

10.

Mom got some apples. They are ____________________.

a)

goods

b)

services

11.

I am a farmer. I am a _____________________________.

a)

consumer

b)

producer

12.

I got some boots and a coat. Those items are __________________.

a)

wants

b)

needs

13.

My dad drives a delivery truck. He is a ___________________.

a)

producer

b)

consumer

14.

When my friend got married, he and his new wife bought a house. The house is a ____________________________.

a)

need

b)

want

15.

Can a person be both a producer and a consumer?

a)

yes

b)

no