Social Studies Ch6 L3 & L4

Which is a producer?

• a farmer growing potatoes

• a dad playing the piano at a party

• a government leader describing a law

• a child saying the Pledge of Allegiance

How do producers market their goods or services?

• They make a lot of things.

• They sell to stores or online.

• They buy the things they need.

• They go to other states or countries.

Which is true about consumers?

• Consumers come from far away.

• Consumers provide many services.

• Consumers buy or use goods and services.

• Consumers sell and shop for goods in stores.

An artist needs to buy new paint. He is a ____________.

• good

• want

• carpenter

• consumer

Which is a good that comes from nearby?

• cinnamon from India

• pineapple from Hawaii

• nuts from South America

• strawberries from California

What is a budget?

• a way to market goods

• a wish to donate money

• a plan for how to spend money

• an exchange of goods and services

You need to make a budget. What should you do first?

• earn money from a chore

• write a list of needs and wants

• ask your parents for more money

• add up how much you have spent

Long ago, people used to exchange goods and services. What do people do now to get what they need?

• make lists

• use money

• tell stories

• market goods

You are saving money to buy a new video game. What is the video game?

• a need

• a want

• a trade

• a service

Why should people think about donating when making a budget?

• It helps people in need.

• It is a way to save money.

• It takes care of your needs.

• It is a way to spend money.