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