Sunday, December 30, 2012

Intro to Economics Game


A

____ is the study of the way a place uses its money, goods, and services.
a) Buyer
b) Seller
c) Economics
d) Exchange
A
A ______ is a person who buys goods and services.
a) Buyer
b) seller
c) economics
d) exchange
A
Which of the following is a service?
a) haircut
b) apple
c) a telephone
d) a ladder
A
Which of the following is a good?
a) a doctor
b) a buyer
c) a seller
d) a video game
A
A ____ is a person who sells goods and services to other people.
A) buyer
b) seller
c) economics
d) exchange
A
What does it mean to exchange?
a) to buy something
b) to sell something?
C) to buy services with money
d) to swap or give up one item for another
A
____ is the number of people who want or need something.
a) demand
b) supply
c) scarcity
d) trade
A
____ is the amount of something that is available
a) trade
b) scarcity
c) demand
d) supply
A
____ is what happens when an item is hard to find
a) demand
b) scarcity
c) supply
d) trade
B
Name two services

B
Name 2 goods
B
What does it mean to trade?


This game is designed as an introduction to economics for lower elementary students. 

Terms included: buyer, seller, scarcity, exchange, trade

This is perfect for 1st, 2nd, 3rd, or even 4th grades as an introduction, practice, or even to review the lesson/unit/concepts.

You can obtain a copy of this game free on TPT at:

http://www.teacherspayteachers.com/Product/Introduction-Economics-Game

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