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3rd Grade Economics
Test Description: Review for 3rd grade Open Book Unit 2
Instructions: Answer all questions to get your test result.
1) What does economy mean?
A
activities related to making, trading and selling goods and services
B
voting for people in our government
C
growing crops and raising animals
D
making more money than other people
2) Labor is another word for_______
A
reading
B
eating
C
writing
D
working
3) Someone who combines resources to produce goods is a(n)
A
dancer
B
worker
C
owner
D
entrepreneur
4) Which statement is true?
A
Goods are actions people do for others
B
Services are things that can be touched or held
C
Goods and services are the same thing.
D
Goods are things that can be touched or held
5) Different ways people use resources to produce goods and services are called
A
goods
B
economic activities
C
labor
D
services
6) Another word for farming is
A
tourism
B
manufacturing
C
mining
D
agriculture
7) Making goods in a factory is
A
tourism
B
mining
C
agriculture
D
manufaturing
8) Digging minerals from the earth is
A
tourism
B
manufacturing
C
mining
D
agriculture
9) An economic activity where people visit an area and spend money is
A
agriculture
B
mining
C
tourism
D
manufacturing
10) Materials dug from the ground, such as iron ore, are known as
A
crops
B
farms
C
tourists
D
minerals
11) When individuals, regions and countries produce certain kinds of goods or services it is called:
A
interdependence
B
shopping
C
specialization
D
trade
12) When people are dependent on other people in order to get the things they do not produce it is called
A
resources
B
interdependence
C
goods and services
D
specialization
13) Trade means
A
to exchange one thing for another
B
to dig minerals from the ground
C
to travel to another location
D
To use what you have
14) What is a wind turbine?
A
a location along a lakeshore
B
a tall tower with blades that makes use of wind to create electricity
C
a group of windmills in the same location
D
a small fan to cool a room
15) What is a windfarm
A
a tree farm that is windy
B
when clouds collide and make fast moving air
C
a place where many wind turbines are in the same place
D
a place where wind turbines are grown
*select an answer for all questions
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