Goods and services- 1

1. Receiving a new toy from you sister is a_____.

• Good

• Service

2. Buying a pair of new shoes

• Good

• Service

3.A good is something that _____________.

• a. you can use

• b. you can touch

• c. satisfies wants

• d. all of the above

4. A service is _______________.

• a. a job you do for others

• b. paid for by a consumer

• c. satisfies wants

• d. all of the above

5. Producers use ___________________ to make goods and services.

• resources

• consumers

• money

• markets

6. Consumers use ___________________ to buy goods and services.

• money

• producers

• banks

• investors

7.Veterinarian helps to keeps pets healthy.

• NO

• YES

Everything we purchase to satisfy our wants is either a good or a service.

• TRUE

• FALSE

What is an example of a consumer?

• a farmer who grows corn
• a person who buys books
• an artist who sells paintings

A mechanic fixing your car is a good or a service?

• service
• good