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Third Grade Social StudiesUnit 1
Vocabulary
no
yes
no
Definition: things in nature that people find useful
economics
Natural resources
economy Click here to go to the next
question.
no
no
yes
Definition: the study of how people use limited resources to produce goods and services that people want or need.
economics
Opportunity cost
entrepreneurClick here to
go to the next question.
no
no
yes
Definition: Activities related to making trading and selling goods and services
economy
Limited resources
economicsClick here to
go to the next question.
yes
no
no
Definition: Goods that are used to produce more goods and services
Human resources
economy
Click here to go to the next
question.
Capital resources
yes
no
no
Definition: Workers and their skills
capital resources
fines
human resources
Click here to go to the next
question.
yes
no
no
Definition: someone who combines natural , human , and capital resources to produce goods or services
economics
fines
entrepreneurClick here to
go to the next question.
YES!
NO!
NO!
Definition: not enough of something so people have to make choices
Limited resources
specialization
scarcityClick here to
go to the next question.
no
no
yes
Definition: There are only certain amounts of resources
Limited resources
Research and development
scarcityClick here to
go to the next question.
no
no
yes
Definition: There is no end to the number of things people want and need
Unlimited wants
Limited resources
finesClick here to
go to the next question.
no
no
yes
Definition: when you make a choice, your opportunity cost is the second thing you wanted most
OpportunityCost
economy
incentiveClick here to
go to the next question.
yes
no
no
Definition: something used to get people to buy or produce a certain good or service
Incentive
Opportunity cost
economy
Click here to go to the next
question.
no
no
yes
Definition:differentways people use resources and produce goods and services
Economic activities
Agriculture
Wind turbineClick here to
go to the next question.
No`
no
yes
Definition: The making of goods in a factory
Manufacturing
agriculture
tourismClick here to
go to the next question.
Yes!
No!
No!
Definition: another word for farming
tourism
tourist
agriculture Click here to go to the next
question.
yes
no
no
Definition: an economic activity in which tourists visit an area and spend money.
agriculture
tourist
tourismClick here to
go to the next question.
no
yes
no
Definition: a person who goes sight-seeing and spends money in a place away from where they live.
Research and development
tourist
tourism Click here to go to the next
question.
yes
no
no
Definition: an economic activity where people produce ideas that lead to new or improved goods and services
trade
tourist
Research and development
Click here to go to the next
question.
yes
no
no
Definition: when individuals, regions, and countries produce certain kinds of goods or services.
Research and development
scarcity
specializationClick here to
go to the next question.
no
yes
no
Definition: to exchange one thing for another
Natural resources
trade
economyClick here to
go to the next question.
yes
no
no
Definition: when people are dependent on other people in order to get the things they do not produce.
export
trade
interdependenceClick here to
go to the next question.
no
no
yes
Definition: A good that people in one place send out to people in another place when they trade.
export
import
interdependence Click here to go to the next
question.
yes
no
Definition: a good that people in one place bring in from another place when they trade
Wind turbine
import
trade Click here to go to the next
question.
no
no
yes
Definition: a tall tower with blades that makes use of wind to create electricity
Wind turbine
import
tradeClick here to
go to the next question.
yes
no
no
Definition: a group of wind turbines in the same location
manufacturing
Economic activities
Wind farmClick here to
go to the next question.
no
no
yes
Definition: goods and services that are produced and provided by a government
Public goods and services
license
feesClick here to
go to the next question.
no
yes
no
Definition: something people pay to a government in exchange for being able to do a certain activity
import
fees
export Click here to go to the next
question.
no
no
yes
Definition: a legal document giving you permission to do something
license
fees
taxesClick here to
go to the next question.
no
no
yes
Definition: what people pay to a government for breaking a rule or a law
fines
license
importClick here to
go to the next question.
yes
no
no
Definition: what people pay to a government in exchange for services like schools and road repair
Capital resources
tourism
taxesClick here to
go to the next question.
The End!