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Third Grade (Grade 3) Economics Questions

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Grade 3 :: Economics by mezic
What is another word for a person who works to produce goods or provides services?
  1. human resource
  2. natural resource
  3. consumer
  4. capital resource
Grade 3 :: Economics by mezic
Grade 3 :: Economics by Tlahooti
What is an economy?
  1. people, places, or things
  2. the way an area uses and produces natural resources, goods, and services to meet its needs
  3. a business that has a lot of people working for it
Grade 3 :: Economics by Tlahooti
What is an entrepreneur?
  1. a factory
  2. a person who starts and runs his or her own business
  3. a book about history
Grade 3 :: Economics by Tlahooti
What is a manufacturer?
  1. wants and needs
  2. a place to recycle paper
  3. a business that uses machinery to make products
Grade 3 :: Economics by Tlahooti
What is interdependence?
  1. freedom from laws
  2. relying on one another to meet needs and wants
  3. giving help to others
Grade 3 :: Economics by Tlahooti
What are capital resources?
  1. water, land, sun
  2. where the president lives
  3. the machines needed to produce something
Grade 3 :: Economics by GraceT
Taxes are                                                                                    
  1. a way for cities to collect funds to build new buildings and provide city services.
  2. not fair.
  3. only paid by rich people.
Grade 3 :: Economics by Liananatalie
According to supply and demand, when would a companies start producing more product?
  1. When the price people pay goes down
  2. When demand increases
  3. When they can sell it for the right price
Grade 3 :: Economics by Carlin
What are four examples of nonliving resources?
  1. water, minerals, soil, metal
  2. water, soil, desks, air
  3. minerals, soil, metal, curtains
  4. minerals, soil, metal, air
Grade 3 :: Economics by GraceT
How are local government buildings funded?
  1. The mayor pays for the building.
  2. Taxes can be collected.
  3. The city council asks for donations.
Grade 3 :: Economics by GraceT
An example of an operation or service that is provided by the local government includes:
  1. Keeping a national park safe.
  2. Training soldiers for the army.
  3. Maintaining buses, subways, and roads.
  4. Predicting the weather.
Grade 3 :: Economics by mezic
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