Grade 3 History · Economics
Virginia SOL 3.10
Virginia SOL 3.10 is part of the Economics strand in Grade 3 History (History). Under this Standards of Learning objective, students explain basic economic principles. Below is what 3.10 covers in plain language, the specific skills it is assessed on, the key concepts to review, and how to practice 3.10 for the Virginia SOL test.
What SOL 3.10 means
Explain basic economic principles.
Practice Grade 3 History SOL questions
Free Grade 3 History questions from official Virginia Department of Education released SOL tests — good practice while you work on 3.10 and the rest of the course. Pick an answer to check it instantly, or open “Show answer” to review.
1. Sandy's parents want to buy a better car next year. They put away some money from their jobs each month so they will have enough to get the better car. What are Sandy’s parents doing with their money?
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Answer: A — Trading
2. Which person is acting as a producer?
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Answer: B — Mrs. Hong who is buying a book
3. When an ancient Greek ship was used for carrying trade goods, it was an example of —
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Answer: C — economic choice
4. Americans who died in wars while serving their country are honored on —
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Answer: C — Memorial Day
Skills you’ll practice for 3.10
- Define production, distribution, and consumption of goods and services.
- Understand different cultures and the natural, human, and capital resources they use in the production of goods and services.
- Recognize that because people and regions cannot produce everything they want, they specialize in what they do best and trade for the rest.
- Identify examples of making an economic choice and explain the idea of opportunity cost.
Key concepts covered by 3.10
- production
- distribution
- consumption
- goods
- services
- cultures
- natural resources
- human resources
- capital resources
- specialization
- trade
- economic interdependence
- resource limitations
- economic choice
- opportunity cost
- decision-making
- trade-offs
How to study and practice SOL 3.10
Start with a quick diagnostic to see whether 3.10 is already solid, then work each skill above with guided notes, flashcards, and SOL-style practice questions. For official released items, see our Virginia SOL practice tests guide and how to study for the SOL test.
Frequently asked questions about SOL 3.10
What is Virginia SOL 3.10?
SOL 3.10 is a Grade 3 History Standard of Learning in the Economics strand. It expects students to explain basic economic principles.
What skills does SOL 3.10 cover?
SOL 3.10 is assessed on 4 skills: define production, distribution, and consumption of goods and services; understand different cultures and the natural, human, and capital resources they use in the production of goods and services; recognize that because people and regions cannot produce everything they want, they specialize in what they do best and trade for the rest; identify examples of making an economic choice and explain the idea of opportunity cost.
What strand of Grade 3 History is SOL 3.10 in?
SOL 3.10 belongs to the Economics reporting strand of the Grade 3 History Virginia Standards of Learning.
How do I study and practice for SOL 3.10?
Start with a diagnostic to see whether 3.10 is already solid, then work the 4 skills above with guided notes, flashcards, and SOL-style practice questions. For official released items, see the Virginia SOL practice tests guide.