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3rd grade economics worksheet with multiple-choice and open-response questions on trade-offs, opportunity cost, and needs versus wants.
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Economics Lesson 3 Check

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This printable economics assessment worksheet for 3rd graders covers six questions on basic economic concepts: making choices, trade-offs, opportunity cost, and distinguishing needs from wants. Questions include multiple-choice items about why communities make economic choices, what an opportunity cost is, and an open-response prompt asking students to explain a choice between a necessity and a want. Use for lesson review, formative assessment, or homework after an economics unit.

Subject:
Social Studies
Topic:
Economics
Grade Level:
3rd Grade
Updated May 2026

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