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Worksheets3rd Grade Economics Terms
Total questions: 18
Worksheet time: 11mins
The way people buy, make, or sell things is called
consumer
economy
barter
producer
Need is something that helps someone _______.
work
create
plan
survive
Something that a person can live without
want
need
plan
materials
A (a) is a person who buys goods or services.
A (a) is a person/worker that helps to make things.
_________ _________ are materials found in nature that we use to make goods.
Capital resources
Human resources
Natural resources
Opportunity costs
To exchange goods or services for other goods or services is called
budget
barter
need
want
A budget is a plan for using ________.
products
goods
services
money
Work one person does for another is ________.
service
demand
scarcity
economy
__________ is not having enough of things people want.
Service
Scarcity
Import
Export
(a) is the amount of goods consumers want.
What are imports?
Goods or services sent to another country
A plan for using money
The amount of goods consumers want
Goods or services from sellers in other countries
What are exports?
Goods or services sent to another country
A plan for using money
The amount of goods consumers want
Goods or services from sellers in other countries
An example of a human resource is...
a hammer
a cake baker
a copy machine
an office builidng
Someone helping to create a product is a...
human resource
consumer
capital resource
service
__________ __________ are resources that help people make other resources.
Human resources
Natural resources
Opportunity costs
Capital resources
An ___________ is someone buying or planning for their own business.
consumer
producer
entrepreneur
human resource
The item that was given up when making a choice is the ___________ ___________.
export
natural resource
human resource
opportunity cost
