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2nd grade · Social Studies · Unit 8 of 9

Work, Saving & Resources

Producers, consumers and scarcity

What your child practices

Producers and consumers, wants and needs, saving, and how limited resources affect what people make and buy.

Maine Learning Results learning standard: Personal Finance; Economics · planning ahead with money, and how people use resources to meet their needs

How we explain it

Children can open this short lesson before they practice.

  1. Producers make goods or give services. Consumers buy and use them.
  2. Resources can be natural (water), human (skills) or capital (machines).
  3. When you can't have both, you must make a choice.

Example: A factory machine that makes shoes is a… The machine is a tool people made. Tools and machines are capital resources. Answer: capital resource

Work, Saving & Resources in Maine

In the Maine Learning Results, this is unit 8 of 9 in 2nd grade Social Studies, after Reading Maps and before Maps of Our World.

Gradelings describes a child's practice on this unit as Beginning, Approaching, Meeting or Exceeding (Four practice steps). That reflects practice, not a report-card mark: the teacher decides the mark.

Source: Maine Department of Education

Sample questions

A taste of this unit. In the app, questions change every time and get easier or harder to match your child.

  1. Question 1

    Ana compares prices before buying. This helps her…

    • spend wisely
    • lose money
    • pay more

  2. Question 2

    Which is a natural resource?

    • a teacher
    • trees
    • a hammer

  3. Question 3

    A bus driver gives a…

    • service
    • good
    • natural resource

  4. Question 4

    Water used to grow almonds is a…

    • natural resource
    • service
    • tax
    • want

  5. Question 5

    Zoe earns $3 a week and saves it all. How much does she have after 4 weeks?

    • $9
    • $7
    • $12

  6. Question 6

    To specialize means to…

    • make everything yourself
    • focus on making one kind of good or service
    • stop working

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