What Do I Do Best?

Keystone Principle #5 – Incentives produce “predictable” responses

Click here for a printable PDF version of this Monthly Teaching Theme Assessment

(Primary Grades)

Name _________________________________ School________________________________

Date _________________

Grade________________

1. Draw a circle around the pictures that show things that you are good at doing.

2. Draw a square around the pictures that show things that are harder for you to do.

Oral/Drawing Question:

Describe or draw a situation where you traded with somebody and both people were happy after the trade?

II. Relevance

3. 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 Economic Principle #5 – Do what you do best, trade for the rest

(Elementary Grades)

Name _________________________________ School________________________________

Date _________________

Grade________________

I. Understanding Concepts – Put an “A” in front of the statement if you agree and put a “D” if you disagree with the statement.

1. ___It is important for me to find out what I do best.
2. ___Trading works best when only one person benefits.

3. ___Trading gives me more choices.
4. ___Trading works best when there is honesty between the people trading.

II. Vocabulary – Match each word with its definition.

____ 5. Specialization ____ 9. Producers
____ 6. Perception of value ____ 10. Consumers
____ 7. Goods ____ 11. Opportunity cost
____ 8. Services ____ 12. Trade

a. Activities performed by people, firms, or government agencies to satisfy economic wants.
b. The value given to a good or service by an individual based on his or her value system.
c. People and firms that use resources to make goods and services.
d. Tangible objects that satisfy economic wants.
e. People who use goods and services to satisfy their personal needs.
f. A situation in which people produce a narrower range of goods and services than they consume this causes an increase in productivity.
g. The exchange of goods and services for money or other goods and services.
h. The second-best alternative (or the value of that alternative) that must be given up when scarce resources are used for one purpose instead of another.

III. Skills – In the blanks put G if the item is a GOOD, put S if the item is a SERVICE, and put N if it is NEITHER a good nor a service.

13._____ haircut 16._____ fixing electric wires
19._____ bubble gum

14._____ shoes 17._____ gold 20._____ sunshine
15._____ television 18._____ collecting trash
21._____ teaching students

Mark a Y for Yes if this is a good trade or an N for No if this is a bad trade.

____ 22. You have a peanut butter and jelly sandwich and someone else wants to trade you for their tuna fish sandwich. You are allergic to seafood.

____ 23. You have a Football Xbox game for Christmas and your friend got a Basketball Xbox game for Christmas. You like basketball and he likes football.

____24. You have a neighbor who just had back surgery and it snowed 2 feet last night. You offer to shovel your neighbor’s driveway in exchange for him cooking you dinner.

IV. Relevance

25. Where do you see yourself using the information you learned about choices and consequences?

26. 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