1. Third Grade Economy

2. A:B: ServicesProducers 1. What is a name for things people make or grow? C:D: ConsumersGoods

3. GOOD JOB! D) Goods

4. A:B: ServicesConsumers 2. What is the name of people or businesses that do something to help people? C:D: ProducersGoods

5. GOOD JOB! A) Services

6. A:B: GovernmentEconomy 3. What is the term for the way a country produces and uses its money? C:D: GoodsServices

7. GOOD JOB! B) Economy

8. A:B: ConsumerProducer 4. What is the name of someone who grows or makes something to sell to other people or business? C:D: GoodsServices

9. GOOD JOB! B) Producer

10. A:B: GoodsProducers 5. What is the name of the person or people who buy goods and services? C:D: ConsumersServices

11. GOOD JOB! C) Consumers

12. A:B: SupplyDemand 6. What is the term for the amount of goods available to sell? C:D: ProducerConsumer

13. GOOD JOB! A) Supply

14. A:B: Human Resources 7. What is the term for the workers at a workplace Example: teachers, doctors, and sales clerks C:D: ProducerDemand Capital Resources

15. GOOD JOB! B) Human Resources

16. A:B: The price will stay the same. The price will go up. 8. What happens when the supply of an object is greater than the demand? (Too much stuff left over and no one wants it.) C:D: The price will go down.It means they sold out of that object.

17. GOOD JOB! C) The price will go down.

18. A:B: TaxOpportunity Cost 9. What is the name for the shortage of a good or service in the marketplace? C:D: EconomyScarcity

19. GOOD JOB! D) Scarcity

20. A:B: ExpensesBudget 10. This is a plan that helps you decide how to use your money. C:D: IncomeConsumers

21. GOOD JOB! B) Budget

22. A:B: IncomeBudget 11. What is the name for the money you earn for doing a job? C:D: ExpensesTax

23. GOOD JOB! A) Income

24. A:B: BudgetIncome 12. This is the name for things that money is spent on. C:D: ExpensesConsumers

25. GOOD JOB! C) Expenses

26. A:B: TeacherBaker C:D: DoctorPolice Officer 13. Look at the choices below. Which person provides goods?

27. GOOD JOB! B) baker

28. A:B: treeschairs 14. Look at the choices below. Which is a natural resource? C:D: truckstelevisions

29. GOOD JOB! A) trees

30. That is incorrect. Please try again.

31. A:B: Human ResourcesCapital Resources 15. What is the term for the tools, equipment, and buildings we use to help produce things. Examples: trucks, computers, cash registers C:D: ExpenseIncome

32. Answer: B) Capital Resources

33. Great Job!!!! Great Job!!!! Thanks for playing! Thanks for playing!