Looking for Social Studies worksheets?
Check out our pre-made Social Studies worksheets!
 Tweet

##### Browse Questions

You can create printable tests and worksheets from these Grade 3 Economics questions! Select one or more questions using the checkboxes above each question. Then click the add selected questions to a test button before moving to another page.

1 2 3 4 5
What are natural resources?
1. shelter, food,
2. something found in nature that people can use
3. goods and services
What are human resources?
1. the people and ideas needed to produce something
2. food, shelter, clothing
3. water, trees, air, sun
A doctor is an example of which type of resource?
1. natural
2. human
3. capital
4. entrepreneurial
Which is an example of bartering?
1. buying a football at Walmart
2. getting a coke for $1 3. trading a bouncy ball for a pencil 4. giving your friend 2 quarters for a candy bar Grade 3 Economics When is bartering not possible? 1. when people trade goods or services 2. when no one wants to trade for your product or service 3. when kids are trading baseball cards 4. when you trade something without using money Grade 3 Economics Grade 3 Economics What might happen if the demand for a new sneaker began to quickly rise? 1. More sneaker would be made 2. The price of the sneaker would go up 3. People would refuse to pay for sneaker 4. The sneaker price would be lowered Grade 3 Economics Grade 3 Economics Which group makes and sells goods? 1. consumers 2. traders 3. producers 4. servers Grade 3 Economics What would lead to higher prices? 1. Low supply, high demand 2. High supply, low demand 3. High supply, high demand 4. Low supply, low demand Grade 3 Economics Grade 3 Economics What of these is neither a good NOR a service? 1. a gallon of gas 2. piano lessons 3. a meal at a restaurant 4. a$20 bill
When does using barter instead of money work?
1. When both people have the same amount of money
2. When one person has goods and the other has money
3. When no one knows what the item costs
4. When both people want what the other has