3rd Grade Economics Quick Check

Mecahnics, doctors, and teachers all provide _____.

• goods

• s'mores

• services

• ideas

Popcorn, sweater, hover board, and a book are all ________.

• human resources

• goods

• sellers

• services

The class made brownies to sell at a bake sale. The brownies are _____.

• services

• a present

• goods

• barter

I can buy a new couch or a new bed.

I choose the bed. What is my economic choice?

• chair

• couch

• bed

• TV

Ms. Dolfini is a music teacher.

She has SPECIAL training to teach music.

This is an example of ___________.

• specialization

• opportunity cost

• goods

• natural resources

What is opportunity cost?

• something you choose to buy

• focusing on one product or service

• the thing you give up when making a choice

• a strawberry

What is a basic need?

• hover board

• shelter

• Xbox

• necklace

Carl is a mechanic. He ONLY fixes cars.

This is an example of ________.

• trade

• goods

• specialization

• opportunity cost

What is a want?

• something you need to live

• something you can live without

• specialization

• opportunity cost

Which can you live without?

• water

• food

• Xbox

• shelter