What Do I Do Best?
Keystone Principle #6 – Do what you do best, trade for the rest
Click here for a printable PDF version of this Monthly Teaching Theme Assessment
(Primary Grades)
Name _________________________________
School________________________________
Date _________________
Grade________________
I. Understanding Concepts – Matching
Match the picture with the correct economic system by drawing a line.
| 1. Command Economy |  |
| 2. Market Economy |  |
| 3. Traditional Economy |  |
II. Relevance
4. Please rate the change that studying about choices has had on your life. Circle the number below:
0 – No change on my life
1 – A little change
2 – Moderate amount of change – I might consider it
3 – Quite a bit of change – I see how it fits and appreciated learning about it
4 – Great change – I understand how important it is to my life and will use the information I learned
What Do I Do Best?
Keystone Principle #6 – Do what you do best, trade for the rest
(Elementary Grades)
Name _________________________________
School________________________________
Date _________________
Grade_______________
I. Vocabulary – Match each word with its definition.
____ 1. Command economy
____ 2. Market economy
____ 3. Productive Resources
____ 4. Traditional economy
A. An economy that allocates resources through the decentralized decisions
(supply and demand) of many businesses and households as they interact in
markets for goods and services.
B. An economic system characterized by the public (government) ownership of
productive resources and centralized economic planning.
C. An economic system characterized by decisions made by previous
generations being used as the guiding force in the organization of current
economic activities.
D. That set of resources utilized in the process of production: land, labor,
capital, technology and entrepreneurial abilities.
II. Understanding Concepts –
5. Jose’s father expects him to work in the same factory as he does and his father
did before him.
Circle which economy this scenario most represents:
Command Market Traditional
6. Kristina must sew clothes for her work because that is the only job the government had available for her.
Circle which economy this scenario most represents:
Command Market Traditional
7. Paul was highly motivated to make a lot of money so they were willing to work
long hours.
Circle which economy this scenario most represents:
Command Market Traditional
III. Understanding Concepts – Match the blanks with the items below.
8. ______ Factor Market 10. ______ Business Firms
9. ______ Product Market 11. ______ Households
IV. Relevance
12. Where do you see yourself using the information you learned about economic
systems, resources, and producers and consumers?
13. Please rate the impact that studying about choices & consequences has had on
your life. Circle the number below:
0 – No Impact
1 – A little impact
2 – Moderate amount of impact – I might consider it
3 – Quite a bit of impact – I see how it fits and appreciated learning about it
4 – Great Impact – I understand how important it is to my life and will use the information I learned