Economics Third Grade

When are you a part of the economy?

• When you buy or sell something
• When you budget your money
• When you go see a movie
• All of the above

What is a producer?

• Someone who buys goods.
• Someone who sells goods. 
• Someone who saves money.
• Someone shops in a store. 

Which is an example of a service?

• buying lunch
• going to see a movie
• visiting the doctor
• buying new shoes

Which is an example of a want?

• water
• clothing
• iPad
• shelter

When you purchase something at a store are you a producer or consumer?

• consumer
• producer

When there is not enough of a certian good this is known as?

• economics
• scarcity
• services
• goods

All businesses have a goal of earning money. What is the money they earn called?

• scarcity
• economics
• profit
• services