3rd Grade Social Studies: Chapter 6 Economics Question Preview (ID: 25969)


Social Studies: Chapter 6 Economics. TEACHERS: click here for quick copy question ID numbers.

You buy _______________ when you visit the doctor for a checkup.
a) goods
b) services
c) .
d) .

You are buying _____________ when you buy flowers from a florist.
a) goods
b) services
c) .
d) .

You are offering _________ if you are hired to cut someone's lawn.
a) goods
b) services
c) .
d) .

Fish from a pet store are ______________.
a) goods
b) services
c) .
d) .

Getting your hair cut is a ____________
a) service
b) good
c) .
d) .

Games from a garage sale are ___________.
a) service
b) goods
c) .
d) .

After Eric paid the bills and employees, he still had a $300
a) profit
b) budget
c) producer
d) consumer

A ________________ is someone who pays for goods and services.
a) producer
b) consumer
c) business
d) profit

Katy made a _________ to plan how to save and spend her money.
a) profit
b) consumer
c) producer
d) budget

________________ is one expense a business does NOT have.
a) electricity
b) rent
c) consumers
d) employees' pay

A business could ________________ to make more money.
a) pay employees more
b) buy less expensive good
c) increase expenses
d) have fewer consumers

Jason sells lemonade. If the cost of lemons goes up and he doesn't raise the price of his lemonade, _____________.
a) his profits will go down
b) he will sell less lemonade
c) he will buy less
d) customers will pay more

Which is NOT true about our economy?
a) Running a business is hard work.
b) People can choose what they produce.
c) People can choose what they consume.
d) Everything is cheap or free.

Every budget should ___________
a) stop you from spending
b) increase your expenses
c) balance your income.
d) increase your income

___________ is one way to increase your income.
a) Buying an iPad
b) Getting a job
c) Going shopping
d) Making a budget

_______________________ is one way to earn interest.
a) Putting money in a savings account
b) Spending money on expenses
c) Putting money in a piggy bank
d) Making a budget

If your brother sells you his old baseball mitt for $2 you are paying for ______.
a) services
b) goods
c) .
d) .

If you pay your sister $5 to clean your messy room, you are paying for _______.
a) services
b) goods
c) .
d) .

A ___________ pays for goods or services.
a) consumer
b) producer
c) .
d) .

A _________ offers goods or services for sale.
a) producer
b) consumer
c) .
d) .

Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 25969 in the upper right hand corner or click here.

TEACHERS / EDUCATORS
Log In | Sign Up / Register

Help / Support / FAQ




Gaming Links