3 rd grade economics picture vocabulary. 3 rd grade economics vocabulary productserviceprice...
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33rdrd Grade Economics Grade Economics VocabularyVocabulary
ProductProduct ServiceService PricePrice
EconomicsEconomics ConsumerConsumerSupplySupply
AdvertisementAdvertisement Trade-OffTrade-Off DemandDemand
Opportunity CostOpportunity Cost BarterBarter HaggleHaggle
International TradeInternational Trade ProducerProducerScarcityScarcity
EntrepreneurEntrepreneur BudgetBudget TaxesTaxes
ExportsExports ImportsImports
What do we call the study of how What do we call the study of how people produce, sell, and buy people produce, sell, and buy
products and services?products and services?
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What do we call something that is What do we call something that is done for someone else?done for someone else?
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What do we call something that is What do we call something that is made?made?
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What do we call the person who What do we call the person who buys products or services?buys products or services?
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What do we call the amount of What do we call the amount of money needed to buy a product or money needed to buy a product or
service?service?
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What do we call the amount of a What do we call the amount of a product or service to be sold?product or service to be sold?
One Many
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What do we call the need or desire What do we call the need or desire that people have for a product or that people have for a product or
service?service?
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What do we call information that a What do we call information that a producer provides about its product or producer provides about its product or
service (usually to try to convince a service (usually to try to convince a consumer to purchase it)?consumer to purchase it)?
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What do we call it when a person What do we call it when a person has to give up buying or doing one has to give up buying or doing one
thing in order to buy or do thing in order to buy or do something else?something else?
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What do we call what a person What do we call what a person gives up buying or doing when he gives up buying or doing when he chooses to buy or do something chooses to buy or do something
else?else?
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What do we call it when we trade What do we call it when we trade for something?for something?
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What do we call it when we What do we call it when we negotiate back and forth for a negotiate back and forth for a lower price or better trade?lower price or better trade?
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What do we call it when there is What do we call it when there is not enough of something?not enough of something?
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What do we call products sent What do we call products sent from one country to another?from one country to another?
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What do we call products brought What do we call products brought into one country from another?into one country from another?
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What do we call money collected What do we call money collected by a government to pay for public by a government to pay for public
goods and services?goods and services?
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What do we call the buying and What do we call the buying and selling of products between selling of products between
different countries?different countries?
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What do we call someone who What do we call someone who makes or grows a product?makes or grows a product?
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What do we call a plan for using What do we call a plan for using money?money?
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What do we call a person who What do we call a person who takes risks, or chances, and starts takes risks, or chances, and starts
a business?a business?
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What do we call making the choice to What do we call making the choice to buy or do one thing instead of another buy or do one thing instead of another after weighing the costs and benefits?after weighing the costs and benefits?
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