Third Grade ECON and ME

Third Grade

ECON and ME

100 100

200 200200

400 400

300300

400400

DefinitionsAmish true or

false

Scarcity Situations Miscellaneous

300 300 300300

200

400400

200

100100

500 500 500500 500500

100

Row 1, Col 1

People who buy and use goods and

services to satisfy economic wants.

What are Consumers?

1,2

Amish homes are built by other Amish.

What is true?

1,3

Solved by setting limits on the number of crabs that can be caught.

What is scarcity of crabs?

1,4

Trading goods for other goods without money.

What is bartering?

2,1

People doing physical or mental work to produce

goods or services.

What are Human Resources?

2,2

Amish people depend on the outside world to build their

barns and houses.

What is false?

2,3

Solved by camping out in the front yard instead of the overcrowded backyard.

What is scarcity of space?

2,4

SALE 25% off all shirts

today only!

What is an advertisement?

3,1

Goods and services people would like to have.

What are Economic Wants?

3,2

Amish people depend on other people outside of the Amish

community to help meet their needs.

What is true?

3,3

Solved by limiting the number of fish that can be caught and when.

What is scarcity of fish?

3,4

Gifts of nature that can be used to produce

goods and services.

What are natural resources?

4,1

Goods made by people and usedto produce other goods and

services.

What are Capital Resources?

4,2

Amish women help build the barns and houses.

What is false?

4,3

Solved by banning campfires and open flames in the

woods until more can grow.

What is scarcity of trees?

4,4

From to

What is technology?

5,1

The next best choice that is given up when a

decision is made.

What is Opportunity Cost?

5,2

The Amish live and work together in their own

communities.

What is true?

5,3

Solved by not running the sprinkler or the hose,

or washing cars.

What is scarcity of water?

5,4

Reliance on others created by specialized workers.

What is interdependence?