Grade 3
Help!
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| I chose ice cream instead of a popsicle. What was my opportunity cost? | popsicle
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| I chose a video game instead of a DVD. What was my opportunity cost? | DVD
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| What is a decision that we make when picking out something to buy out of two or more things? | economic choice
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| We can not have everything that we want. So, we have to make _____________ . | choices
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| What we give up to buy something is called _________________________________ . | opportunity cost
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| I might not be able to buy something because I do not have enough money. I may need to put my money in a savings _________ so that I can have enough money to make the purchase later. | account
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| What do we call things that we have to have in order to live? | needs
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| What do we call things that we would like to have but we do not have to own them to live? | wants
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| A skateboard or an apple? Which one is the want? | skateboard
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| An ipod nano or water? Which one is a need? | water
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| The market price is is the same as this. | monetary cost
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| A person or thing that makes a good or provides a service. | producer
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| A person who purchases goods and services. | consumer
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| Money put away in a bank for use in the future. | savings
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| To trade for a good or a service without using money | barter
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| What do we call it when two things depend on each other? | interdependence
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
mrstompkins
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