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Economics - Third Grade

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  • 1. Multiple Choice
    30 seconds
    1 pt
    When a choice is made and something has to be given up, it is called ____________.
    capital resources
    scarcity
    price
    opportunity cost
  • 2. Multiple Choice
    30 seconds
    1 pt
    A _________ makes a product (good) or provides a service for consumers.
    consumer
    producer
    natural resource
    price
  • 3. Multiple Choice
    30 seconds
    1 pt
    A resource that comes from nature such as water and trees is called a ___________ _________.  
    natural resource
    intermediary resource
    capital resource
    human resource
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