This easy-level worksheet has students fix sentence errors, fill in blanks, and answer true or false questions to practice economics basics skills.
It includes 10 questions across 3 sections for focused practice.
Style:
Economics Basics
Part A: Fix the Sentence
Each sentence has an error. Rewrite it correctly on the line.
1. Fix the sentence:
When a store has too many oranges, the demand is high.
Rewrite: When a store has too many oranges, the supply is high.
2. Fix the sentence:
A firefighter sells a good when putting out a fire.
Rewrite: A firefighter provides a service when putting out a fire.
3. Fix the sentence:
Spending means putting money away for the future.
Rewrite: Saving means putting money away for the future.
Part B: Fill in the Blank
Write the missing word or number on each line.
1. The amount of a product that a store has ready to sell is called the supply.
2. Using money to buy a snack at the school cafeteria is spending.
3. A person who makes furniture to sell at a market is a producer.
4. How much people want a product is called demand.
Part C: True or False?
Read each statement. Circle True or False.
1. A pencil you buy at a store is a service.
True False
2. When demand for a toy goes up, the price usually goes up too.
True False
3. Putting part of your birthday money in a jar is an example of saving.
True False
Economics Basics
★ Part A: Fix the Sentence
Each sentence has an error. Rewrite it correctly on the line.
1) Fix the sentence:
When a store has too many oranges, the demand is high.
Rewrite: When a store has too many oranges, the supply is high.
2) Fix the sentence:
A firefighter sells a good when putting out a fire.
Rewrite: A firefighter provides a service when putting out a fire.
3) Fix the sentence:
Spending means putting money away for the future.
Rewrite: Saving means putting money away for the future.
★ Part B: Fill in the Blank
Write the missing word or number on each line.
1) The amount of a product that a store has ready to sell is called the supply.
2) Using money to buy a snack at the school cafeteria is spending.
3) A person who makes furniture to sell at a market is a producer.
4) How much people want a product is called demand.
★ Part C: True or False?
Read each statement. Circle True or False.
1) A pencil you buy at a store is a service.
True
False
2) When demand for a toy goes up, the price usually goes up too.
True
False
3) Putting part of your birthday money in a jar is an example of saving.
True
False
Ready to Practice?
Complete each section carefully.
10 Questions
15-20 minutes
Auto-graded
Retry anytime
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