3rd Grade Economics Question Preview (ID: 54075)


Review For 3rd Grade Open Book Unit 2. TEACHERS: click here for quick copy question ID numbers.

What is a wind turbine?
a) a group of windmills in the same location
b) a small fan to cool a room
c) a tall tower with blades that makes use of wind to create electricity
d) a location along a lakeshore

Trade means
a) to exchange one thing for another
b) To use what you have
c) to travel to another location
d) to dig minerals from the ground

When people are dependent on other people in order to get the things they do not produce it is called
a) resources
b) goods and services
c) specialization
d) interdependence

When individuals, regions and countries produce certain kinds of goods or services it is called:
a) interdependence
b) trade
c) specialization
d) shopping

Materials dug from the ground, such as iron ore, are known as
a) minerals
b) crops
c) tourists
d) farms

An economic activity where people visit an area and spend money is
a) manufacturing
b) tourism
c) mining
d) agriculture

Digging minerals from the earth is
a) manufacturing
b) agriculture
c) mining
d) tourism

Making goods in a factory is
a) manufaturing
b) agriculture
c) mining
d) tourism

Another word for farming is
a) manufacturing
b) agriculture
c) mining
d) tourism

Different ways people use resources to produce goods and services are called
a) services
b) goods
c) labor
d) economic activities

Which statement is true?
a) Services are things that can be touched or held
b) Goods are actions people do for others
c) Goods are things that can be touched or held
d) Goods and services are the same thing.

Labor is another word for_______
a) eating
b) working
c) writing
d) reading

Someone who combines resources to produce goods is a(n)
a) worker
b) dancer
c) entrepreneur
d) owner

What does economy mean?
a) activities related to making, trading and selling goods and services
b) making more money than other people
c) voting for people in our government
d) growing crops and raising animals

What is a windfarm
a) a tree farm that is windy
b) a place where wind turbines are grown
c) when clouds collide and make fast moving air
d) a place where many wind turbines are in the same place

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