3rd Grade Economics

Front

People in each country need _________________ to buy goods and services.

Back

currency

Front

An entrepreneur is someone who owns their own business.

1. Which of the following are entrepreneurs? Choose all the apply.

1.  a. Lily who opened her own florist shop.

2. b. Sam who works at the pet store.

3. c. Owner of the new snow cone truck

4. d. Jon our local police officer

Back

1.  Lily who just opened her own florist shop.

3. Owner of the new snow cone truck

Front

Casey opened a new smoothie store. She is only going to use oranges for the first flavor. She hires Jessie to help her. She goes to the store and buys fresh oranges, and a juicer. Jessie will use the juicer to squeeze fresh juice to put in the smoothie.

The orange is a

Back

natural resource

Front

Casey opened a new smoothie store. She is only going to use oranges for the first flavor. She hires Jessie to help her. She goes to the store and buys fresh oranges, and a juicer. Jessie will use the juicer to squeeze fresh juice to put in the smoothie.

Casey is an

Back

entrepreneur

Front

Casey opened a new smoothie store. She is only going to use oranges for the first flavor. She hires Jessie to help her. She goes to the store and buys fresh oranges, and a juicer. Jessie will use the juicer to squeeze fresh juice to put in the smoothie.

Jessie is a

Back

human resource

Front

Casey opened a new smoothie store. She is only going to use oranges for the first flavor. She hires Jessie to help her. She goes to the store and buys fresh oranges, and a juicer. Jessie will use the juicer to squeeze fresh juice to put in the smoothie.

the juicer is a

Back

capital good(resource)

Front

The yellow Crocs and the purple Crocs are competing against each other in the shoe store. If the owner puts the yellow Crocs on sale, what will happen to the price of the purple Crocs?

Back

The price of the purple Crocs will also go down.

Front

The store is out of toilet paper and cannot meet the needs of its customers' demands. What would MOST likely happen?

1. .

Back

More toilet paper will be produced.

Front

 The main human resource in your classroom is the _________________.

Back

teacher

Front

Mrs. Harris has $25.  She is trying to decide if she should save it or spend it on buying gummy bears. What is her opportunity cost if she decides to save her money?

Back

Buy something now