AMS Economy Review

What is a service?

• A job
• Something someone does for you
• A need
• Something you do for another person

What is a good?

• A need
• A baseball game
• Things people do for money
• Things that people make or grow

A person who uses and buys goods and services 

• money 
• producer 
• consumer 
• economics 

A person who makes goods or provides a service 

• goods 
• service producer 
• producer
• consumer 

Which of the following is not a good?

• Clothes
• Food
• Dog Walker
• Toys

Which of the following is not a service?

• Dry Cleaner
• Car Wash
• Clothes
• Babysitter

Things that were not made by humans and are found in nature

• natural resources
• human resources
• capital resources
• services

A farmer is an example of a ______ resource. 

• capital
• human
• natural

When people make the goods they are best able to produce, with the resources available to them

• product
• substitute good
• employed
• specialization

A product sent to another country to be sold

• import 
• export