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Third Grade (Grade 3) Economics 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.

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Grade 3 Economics
An          import          is a good that is brought into a country.
Grade 3 Economics
What did most people do to get the things they needed before money was used?
  1. borrowed
  2. stole
  3. bartered
  4. did without
Grade 3 Economics
                 is an area where things, such as cars, furniture, tools are made
  1. Rural Communities
  2. Industrial Area
  3. Urban Communities
Grade 3 Economics
Someone who pays for goods and services is a(n)            consumer           .
Grade 3 Economics
Who grows or makes the things people buy?
  1. producers
  2. clerks
  3. consumers
  4. employees
Grade 3 Economics
Jill had enough money to buy gum or a candy bar. She decided to buy the candy bar. What is her opportunity cost?
  1. the candy bar
  2. her change
  3. the gum
  4. the money
Grade 3 Economics
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
A computer is an example of which type of resource?
  1. natural
  2. human
  3. capital
  4. entrepreneurial
Grade 3 Economics
Who grows or makes the things people buy?             producers            
Grade 3 Economics
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
                 are areas where there are stores and offices.
  1. Commercial Areas
  2. Urban Areas
  3. Residential Areas
Grade 3 Economics
Which of the following is not a natural resource?
  1. water
  2. soil
  3. trees
  4. workers
Grade 3 Economics
A factory is an example of a capital resource.
  1. True
  2. False
Grade 3 Economics
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
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
What is a need? Give some examples of a need.
Grade 3 Economics
Two communities are considered                when they depend on each other.
  1. reliable
  2. unreliable
  3. dependent
  4. interdependent
Grade 3 Economics
What are the 3 basic needs?
Grade 3 Economics
Food, clothing, and shelter are the main reasons people                .
  1. steal
  2. work
  3. drive
  4. move
Grade 3 Economics
What is a want? Give some examples of a want.
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