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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:
Busy Bee
Economics Basics
Grade 3
★ Part A: Fix the Sentence
Each sentence has an error. Rewrite it correctly on the line.
1) Fix the sentence:
A new backpack is a service because you carry it to school.
Rewrite: A new backpack is a good because it is an item you can touch and keep.
2) Fix the sentence:
A producer is the person who buys things at a shop.
Rewrite: A consumer is the person who buys things at a shop.
3) Fix the sentence:
A trip to the movie theater is a good because you enjoy it.
Rewrite: A trip to the movie theater is a service because someone provides entertainment for you.
★ Part B: Fill in the Blank
Write the missing word or number on each line.
1) A stuffed animal is something you would like but do not need, so it is a want.
2) Medicine and clean water are needs because people cannot stay healthy without them.
3) A mail carrier who delivers letters to your home provides a service.
4) When a family buys food at the grocery store, the family members are consumers.
★ Part C: True or False?
Read each statement. Circle True or False.
1) A toy robot is a need because children enjoy playing with it.
True
False
2) A person who bakes cookies to sell at a fair is a producer.
True
False
3) Clothing is a need because it keeps people warm and safe.
True
False
🎯

Ready to Practice?

Complete each section carefully.

10 Questions
15-20 minutes
Auto-graded
Retry anytime
🏆
Questions Correct
0
Correct
0
Incorrect
0
Skipped
0:00
Time
0%
Score
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