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SS Chapter 3 Economics (MH, G3)

Total questions: 31

Worksheet time: 20mins

Name
Class
Date
1.

Something we have to have to survive is called a __________.

a)

need

b)

want

c)

consumer

d)

piggy bank

2.

Something we would like to have is a _______________________,

a)

need

b)

want

c)

consumer

d)

producer

3.

A house is a ...

a)

need

b)

want

c)

service

4.

Ice cream is a ....

a)

need

b)

want

c)

producer

5.

When I keep some of my money we call that______________.

a)

spending

b)

need

c)

saving

d)

want

6.

When there is only a small amount of something we call that _____________________,

a)

saving

b)

wants

c)

producers

d)

scarcity

7.

A new pet is a ....

a)

need

b)

want

c)

producer

d)

saving

8.

I went to the store and bought apples and bananas. They are ___________________________.

a)

needs

b)

wants

c)

services

d)

savings

9.

I got a new pair of skates. They are _________________.

a)

needs

b)

wants

c)

consumers

d)

savings

10.

I bought some new jeans. Jeans are_____________________.

a)

needs

b)

wants

c)

scarcity

d)

producers

11.
The study of resources such as money, materials, and labor
a)
economics
b)
services
c)
producers
d)
goods
12.
What is a need?
a)
Nothing
b)
Something you have to have to live
c)
Something you would like to have
d)
Ice cream
13.
What is a want?
a)
A person
b)
Something you would like to have but don't need to live
c)
Purple
d)
Something you need to live
14.
A person who uses and buys goods and services 
a)
money 
b)
producer 
c)
consumer 
d)
economics 
15.
A person who makes goods or provides a service 
a)
goods 
b)
service producer 
c)
producer
d)
consumer 
16.
Which of the following is not a good?
a)
Clothes
b)
Food
c)
Dog Walker
d)
Toys
17.
Which of the following is not a service?
a)
Dry Cleaner
b)
Car Wash
c)
Clothes
d)
Babysitter
18.
Things we buy that we can touch or hold
a)
services
b)
opportunity cost
c)
goods
d)
natural resources
19.
Who buys goods or services?
a)
Producers 
b)
consumers 
20.
Which of these is a want?
a)
Legos
b)
air
c)
water
d)
food
21.
Which of these is a need?
a)
car
b)
water
c)
video games
d)
candy
22.
Your teacher is providing a _______.
a)
good
b)
service
c)
commercial 
23.
When you do something for someone else you provide a ________.
a)
good
b)
service
c)
consumer 
24.

Someone who provides a service or makes a good.

a)

Consumer

b)

Need

c)

Producer

d)

Scarity

25.

Someone who buys goods or services.

a)

Consumer

b)

Producer

c)

Opportunity Cost

d)

Scarcity

26.

Something you must have in order to survive.

a)

Want

b)

Goods

c)

Need

d)

Services

27.

Something that someone makes or builds that satisfies a need or want.

a)

Target

b)

Goods

c)

Services

d)

Opportunity Cost

28.

An action that satisfies a need or a want.

a)

Goods

b)

Producer

c)

Services

d)

Target

29.

Water, food, shelter

a)

Scarcity

b)

Needs

c)

Opportunity Cost

d)

Wants

30.

There is not enough of a certain product.

a)

Scarcity

b)

Opportunity Cost

c)

Consumer

d)

Needs

31.

Things that you have to give up to get something else you need.

a)

Goods

b)

Wants

c)

Scarcity

d)

Opportunity Cost