This medium-level worksheet has students fill in blanks, and match items from two columns to practice economics: supply & demand skills.
It includes 10 questions across 2 sections for focused practice.
Style:
Economics: Supply & Demand
Part A: Fill in the Blank
Write the missing word or number on each line.
1. Money collected by the government from citizens and businesses is called taxes.
2. Roads, parks, and public schools are examples of government services.
3. A tax added to the price of an item you buy at a store is called a sales tax.
4. Police officers, firefighters, and librarians are paid with tax money.
5. When prices of many goods rise over time, this general increase is called inflation.
6. A person who uses their own money to buy part of a business hopes to earn a profit.
7. The government creates laws and regulations to keep markets fair for everyone.
8. Public goods like streetlights are available to everyone and no one can be excluded.
9. When inflation happens, each dollar buys less than it did before.
Part B: Matching
Match each item on the left to the correct answer on the right.
1. Match each item to its correct answer.
Sales tax
→ added to the price of purchases
prices rise over time
Income tax
→ paid on money you earn
added to the price of purchases
Public school
→ free education funded by taxes
paid on money you earn
Inflation
→ prices rise over time
free education funded by taxes
Economics: Supply & Demand
★ Part A: Fill in the Blank
Write the missing word or number on each line.
1) Money collected by the government from citizens and businesses is called taxes.
2) Roads, parks, and public schools are examples of government services.
3) A tax added to the price of an item you buy at a store is called a sales tax.
4) Police officers, firefighters, and librarians are paid with tax money.
5) When prices of many goods rise over time, this general increase is called inflation.
6) A person who uses their own money to buy part of a business hopes to earn a profit.
7) The government creates laws and regulations to keep markets fair for everyone.
8) Public goods like streetlights are available to everyone and no one can be excluded.
9) When inflation happens, each dollar buys less than it did before.
★ Part B: Matching
Match each item on the left to the correct answer on the right.
1) Match each item to its correct answer.
Sales tax
→ added to the price of purchases
prices rise over time
Income tax
→ paid on money you earn
added to the price of purchases
Public school
→ free education funded by taxes
paid on money you earn
Inflation
→ prices rise over time
free education funded by taxes
Ready to Practice?
Complete each section carefully.
10 Questions
10-15 minutes
Auto-graded
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