Who wants to be a millionaire template by dffhrtcv3

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									Third Grade Economy
1. What is a name for things people make or grow?




A: Services                  B:   Producers




C: Consumers                 D:   Goods
GOOD JOB!
 D) Goods
  2. What is the name of people or businesses
       that do something to help people?




A: Services                  B:   Consumers




C: Producers                 D:   Goods
GOOD JOB!
A) Services
3. What is the term for the way a country produces
                and uses its money?




A: Government                 B:   Economy




C: Goods                      D:   Services
GOOD JOB!
B) Economy
4. What is the name of someone who grows or makes
    something to sell to other people or business?




   A: Consumer                B:   Producer




   C: Goods                   D:   Services
GOOD JOB!

B) Producer
  5. What is the name of the person or people
        who buy goods and services?




A: Goods                     B:   Producers




C: Consumers                 D:   Services
GOOD JOB!
C) Consumers
       6. What is the term for the amount of
             goods available to sell?




A: Supply                      B:   Demand




C: Producer                    D:   Consumer
GOOD JOB!
 A) Supply
7. What is the term for the workers at a workplace
      Example: teachers, doctors, and sales clerks




A:   Capital Resources           B:   Human Resources




C: Producer                      D:   Demand
GOOD JOB!
 B) Human
 Resources
     8. What happens when the supply of an
        object is greater than the demand?

(Too much stuff left over and no one wants it.)




A: The price will stay the   B:   The price will go up.
    same.




C: The price will go down.   D:   It means they sold out
                                  of that object.
GOOD JOB!
C) The price
will go down.
    9. What is the name for the shortage of a
       good or service in the marketplace?




A: Tax                        B:   Opportunity Cost




C: Economy                    D:   Scarcity
GOOD JOB!
D) Scarcity
    10. This is a plan that helps you decide
            how to use your money.




A: Expenses                  B:   Budget




C: Income                    D:   Consumers
GOOD JOB!
B) Budget
             11. What is the name for the
            money you earn for doing a job?




A: Income                       B:   Budget




C: Expenses                     D:   Tax
GOOD JOB!
 A) Income
       12. This is the name for things that
               money is spent on.




A: Budget                      B:   Income




C: Expenses                    D:   Consumers
GOOD JOB!
C) Expenses
             13. Look at the choices below.
             Which person provides goods?




A: Teacher                      B:   Baker




C: Doctor                       D:   Police Officer
GOOD JOB!
 B) baker
            14. Look at the choices below.
            Which is a natural resource?




A: trees                       B:   chairs




C: trucks                      D:   televisions
GOOD JOB!
 A) trees
  That is
incorrect.
Please try
  again.
  15. What is the term for the tools, equipment,
  and buildings we use to help produce things.
  Examples: trucks, computers, cash registers




A: Human Resources            B:   Capital Resources




C: Expense                    D:   Income
 Answer:
B) Capital
Resources
   Great Job!!!!




Thanks for playing!

								
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