Social Studies - Quiz 1

Things that we must have in order to survive. We can’t live without them.

• wants

• cars

• needs

• computers

The given picture represents ...

• needs

• wants

People who make and sell goods or services.

• consumers

• producers

• footballer

• dancers

People who buy goods or services for themselves.

• bakers

• producers

• doctors

• consumers

_______________ are activities provided by the people in the given picture.

• services

• goods

• games

• products

Goods are things that people make to be sold to satisfy needs and wants. select the goods.

• Video games

• cutting hair

• ice-cream

• pencil case

• cleaning house

People who buy goods or services for themselves.

• producers

• bakers

• consumers

• doctors

Who are the producers among the following people?

• 
• 
• 
• 
• 

The money we pay to buy a good or a service.

• profit

• price

• good

• service

Economics focuses on (a)