Third Grade ECON and ME
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Transcript of 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?