This medium-level worksheet has students fill in blanks, and match items from two columns to practice economics basics skills.
It includes 10 questions across 2 sections for focused practice.
Style:
Economics Basics
Part A: Fill in the Blank
Write the missing word or number on each line.
1. A carpenter who builds tables to sell is a producer.
2. When you pick a banana over an apple, the apple is your opportunity cost.
3. A vet who takes care of sick animals provides a service.
4. If only a few umbrellas are left during a rainy week, the supply is low.
5. A child who buys a juice box at the store is a consumer.
6. Keeping part of your allowance in a savings jar is called saving.
7. A book you buy at a bookstore is an example of a good.
8. Warm clothes and a safe home are needs that every person must have.
9. When many children want the same board game, demand for it is high.
Part B: Matching
Match each item on the left to the correct answer on the right.
1. Match each item to its correct answer.
You choose a book over a puzzle.
→ Opportunity cost
Consumer
A baker makes fresh bread each morning.
→ Producer
Service
A tutor helps you with homework.
→ Service
Opportunity cost
A family buys milk at the market.
→ Consumer
Producer
Economics Basics
★ Part A: Fill in the Blank
Write the missing word or number on each line.
1) A carpenter who builds tables to sell is a producer.
2) When you pick a banana over an apple, the apple is your opportunity cost.
3) A vet who takes care of sick animals provides a service.
4) If only a few umbrellas are left during a rainy week, the supply is low.
5) A child who buys a juice box at the store is a consumer.
6) Keeping part of your allowance in a savings jar is called saving.
7) A book you buy at a bookstore is an example of a good.
8) Warm clothes and a safe home are needs that every person must have.
9) When many children want the same board game, demand for it is high.
★ Part B: Matching
Match each item on the left to the correct answer on the right.
1) Match each item to its correct answer.
You choose a book over a puzzle.
→ Opportunity cost
Consumer
A baker makes fresh bread each morning.
→ Producer
Service
A tutor helps you with homework.
→ Service
Opportunity cost
A family buys milk at the market.
→ Consumer
Producer
Ready to Practice?
Complete each section carefully.
10 Questions
10-15 minutes
Auto-graded
Retry anytime
🏆
Questions Correct
0
Correct
0
Incorrect
0
Skipped
0:00
Time
0%
Score
Review Your Answers
See what you got right, missed, or skipped.