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Economics Questions Grade 3  Based on Georgia GPS Created by Matt Dumbleton AHS Peer Facilitator 12.2008
Trading something of value for another item of value without using money is called: A) Bartering B) Taxes  C) Export  D) Producers
Schools, libraries, roads, police, and fire protection are all paid through: A) Natural resources  B) Budget C) Taxes  D) Producers
Fill in the blank:  a    helps people to keep track of how much money they spend and save. A) Scarcity  B) Producers  C) Taxes  D) Budget
These people make or grow goods or sell services A) Creators B) Growers  C) Makers D) Producers
If a companys budget was $100 dollars, what of the following amounts could it spend? A) $101  B) $590 C) $95 D) $1,000
Bob agrees with Joe to trade his football for Joes baseball.  What is this an example of? A) Bartering B) Importing C) Demanding D) Scarcity
Which of the following is  NOT  a natural resource? A) Air  B) Wind C) Paper D) Oil
An entrepreneur: A) Works at a Burger King B) Possesses their own company  C) Collects Taxes  D) Is a professional baseball player
In what town are apples grown? Boryeong B) Gongju C) Hongseong D) Yesan
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3rd Grade Economics Quiz 1

  • 1. Economics Questions Grade 3 Based on Georgia GPS Created by Matt Dumbleton AHS Peer Facilitator 12.2008
  • 2. Trading something of value for another item of value without using money is called: A) Bartering B) Taxes C) Export D) Producers
  • 3. Schools, libraries, roads, police, and fire protection are all paid through: A) Natural resources B) Budget C) Taxes D) Producers
  • 4. Fill in the blank: a helps people to keep track of how much money they spend and save. A) Scarcity B) Producers C) Taxes D) Budget
  • 5. These people make or grow goods or sell services A) Creators B) Growers C) Makers D) Producers
  • 6. If a companys budget was $100 dollars, what of the following amounts could it spend? A) $101 B) $590 C) $95 D) $1,000
  • 7. Bob agrees with Joe to trade his football for Joes baseball. What is this an example of? A) Bartering B) Importing C) Demanding D) Scarcity
  • 8. Which of the following is NOT a natural resource? A) Air B) Wind C) Paper D) Oil
  • 9. An entrepreneur: A) Works at a Burger King B) Possesses their own company C) Collects Taxes D) Is a professional baseball player
  • 10. In what town are apples grown? Boryeong B) Gongju C) Hongseong D) Yesan