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WorksheetsSocial Studies "Our Economy
Total questions: 55
Worksheet time: 28mins
Items that can be used, seen, or touched are called...
Services
Goods
Tasks that you pay someone to do for you are called...
Goods
Services
Jobs
Getting your hair cut is an example of a...
economy
good
service
scarcity
Clothing, books, and toys are all examples of...
services
goods
economy
scarcity
A place where buyers and sellers come together is called a...
economy
good
market
services
The system in which goods and services are bought and sold is called...
the economy
the services
the business
the goods
Which of the following is an example of someone earning money by providing a SERVICE?
Mason grows fruit to sell.
India sells lemonade she makes.
Ms. Carroll teaches a 3rd grade class.
Yajaira bakes cookies to sell.
Girl eating noodles.
Consumer
Producer
Family watching a movie.
Consumer
Producer
Boy reading a book.
Consumer
Producer
Grocery shopper.
Consumer
Producer
Class eating ice cream.
Consumer
Producer
Buying lunch from the cafeteria.
Consumer
Producer
Buying ROBUX
Consumer
Producer
Construction worker building a house
Consumer
Producer
Painter creating art.
Consumer
Producer
Nurse
Consumer
Producer
Soccer player
Consumer
Producer
Policeman
Consumer
Producer
Fashion Designer
Consumer
Producer
Clothes
Goods
Service
Electronic
Goods
Service
Toys
Goods
Service
Barber
Good
Service
Janitor
Good
Service
Doctor
Good
Service
Teacher
Good
Service
Which item is a NEED?
Toys
Ice Cream
Clothing
Slime
Coach
Good
Service
Which item is a WANT?
Clothing
Shelter
Food
Pokemon Cards
What is spending?
Putting your money away to use latter.
Paying out money for goods and services.
What is saving?
Putting your money away to use latter.
Paying out money for goods and services.
How can you earn money?
buying toys
doing chores
The plumber works so that he can earn money to...
buy the things that he wants and needs
sale things that he wants and needs
Greg finds a nickel and puts it in his jar.
spend
save
Giving your birthday money to your parents to put in the bank is...
saving
spending
producer
Windy found a quarter on on the sidewalk. She bought a gumball.
spend
save
Your mom need food to cook dinner.
spending
saving
Juan is going to a birthday party on Friday for his friend. He has $15 and has not bought a gift for his friend. Should he spend or save his money?
Spend some of his money to buy a gift.
Save all of his money and do not buy a gift.
Greg has decided that he wants to buy a new bike that costs $125 and he has $75. Does he need to spend or save his money?
spend
save
What is a service?
someone you work with
things we can hold and use
a job someone does for others
none of the above
What is a good?
something you need to have
someone who helps others
something you make or use
A __________ is somethings we can make or use.
good
service
need
want
Look at the picture. Is this a good or service ?
good, it is a thing you can use
service, an action to help others
Look at the picture. Are these goods or services ?
Goods, they are things you can use.
Services, they show actions to help others.
What is milk, a good or a service?
good, it is a thing you use
good, you have to have milk
service, you buy it from the store
service, you use it to help cook food
Look at the picture. Is this a good or service ?
good, it is a thing you can use
service, an action to help others
What service does she offer?
babysitting
gardening
dog walking
she does not offer a service
Olivia had $54. She now has
$92. Did She save or
spend? How much did she
save or spend?
Olivia saved $38
Olivia spent $38
Olivia spent $146
Olivia made $38
Peyton had $23. She now has
$15. Did Peyton save or
spend? How much did
she save or spend?
Peyton saved $8
Peyton spent $38
Peyton borrowed $38
Peyton spent $8
Chris had $47. He now
has $23. Did Chris save
or spend? How much did
he save or spend?
Chris saved $70.
Chris saved $24 dollars.
Chris spent $70.
Chris spent $24.
When you save money your total ...
decreases
is given away
increases
is used to buy toys
Saving money is ...
is giving money to someone else who needs it.
buying what you need or want.
putting away money to use at a later time.
To make money/salary
saving
budget
earning
