Economics Vocabulary review

Front

Is a cookie a want or a need?

Back

want

Front

I went to target and bought donuts. Did I buy a good or a service?

Back

good

Front

I paid the boy who lives next door to cut my grass. Did I buy a good or a service?

Back

service

Front

Sam is an artist who makes paintings. Is she being a producer or a consumer?

Back

producer

Front

Anya is shopping for food for her family. Is she being a producer or a consumer?

Back

consumer

Front

Ms. Taylor buys a book for our class. Is she being a producer or a consumer?

Back

consumer

Front

Raj makes ice cream to sell on hot days. Is he being a producer or a consumer?

Back

producer

Front

Mia babysits and earns $20. She uses her money to buy new shoes. Is she saving or spending?

Back

spending

Front

David is a reading tutor. He earns $20. He puts it in the bank to use later. Is he saving or spending?

Back

saving