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3rd grade · Social Studies · Unit 6 of 7

Trade Around the World

Resources, money and trade

What your child practices

Natural and human resources, the three economic questions, surplus and scarcity, how communities earn a living, money in other countries, and how ships, planes and the internet help communities trade.

New York State Learning Standards learning standard: 3.9a; 3.9b; 3.10a; 3.10b · how world communities use resources, earn a living, produce goods and services, and trade with each other

How we explain it

Children can open this short lesson before they practice.

  1. Natural resources come from nature. Human resources are the people who do the work.
  2. Scarcity means not enough. A surplus means extra, which can be traded.
  3. Ships, planes and the internet help communities trade.

Example: A town grows more apples than it can eat. What does it have? It has extra apples. Extra is called a surplus. Answer: a surplus

Trade Around the World in New York

In the New York State Learning Standards, this is unit 6 of 7 in 3rd grade Social Studies, after Governments & Human Rights and before Culture & Traditions.

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: New York State Education Department (NYSED)

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

    Different countries use different money. Japan uses the…

    • peso
    • rupee
    • dollar
    • yen

  2. Question 2

    A factory worker who makes shoes produces a…

    • good
    • law
    • service
    • right

  3. Question 3

    Goods sent out of a country to sell are…

    • imports
    • taxes
    • exports
    • rights

  4. Question 4

    Scarcity means…

    • there is too much of everything
    • there is not enough of something
    • something is free
    • a store is open

  5. Question 5

    A community with rich soil might earn a living by…

    • skiing
    • farming
    • mining the sky
    • fishing in the desert

  6. Question 6

    People earn a living by…

    • waiting
    • sleeping
    • working at a job
    • watching TV

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