Dear grade 3 students,
1) Take your time to read the text,
2) Answer the questions.
You can come back to the text every time you need.
You have 50 minutes to complete the questions.
I know you will do a good job.
Good luck!
Ms. Samar
The Community Market
Many people live in communities where they work, play, and help each other. In a community, people have wants and needs. Needs are things people must have to live, like food, water, clothing, and shelter. Wants are things people would like to have but can do without, like toys, video games, and ice cream.
To get these items, people visit the local community market. Farmers and shopkeepers sell goods at the market. Goods are real things you can touch and see. Examples include apples, bread, and shirts. Other people at the market provide services. A service is work that someone does for another person. For example, a baker bakes fresh bread, a truck driver delivers the food, and a cashier helps buyers pay for their items.
People use money to buy these goods and services. When there is not enough of something that everyone wants, it is called scarcity. If a farmer only brings ten watermelons to the market, but twenty people want to buy them, the watermelons become scarce. Communities work best when people cooperate to share resources and make sure everyone gets what they need.
What is the difference between a need and a want according to the text?
Name two examples of goods mentioned in the story.
When scarcity occurs in a market, there is more than enough of an item for everyone who wants it.
Describe what a service is
Imagine you visit a market to buy a bicycle and a bottle of water. Identify which item is a need and which is a want.
How would a local doctor or a mail carrier fit into the definition of a service provider?
Compare the role of the farmer who grows apples to the role of the truck driver who delivers them.
Break down the process of buying bread into the goods involved, and the services involved
If a market runs out of fresh water during a hot summer day, should the shopkeeper raise the price of the remaining bottles? Explain why or why not.
Which is more important for a community market to function: money or cooperation? Defend your answer using clues from the text.
Design a poster for a new community market that shows one good and one service that your market offers.
Write a short, three-sentence story about a character who experiences scarcity at the market and solves the problem by cooperating with a neighbor.