Goods and Services

Which provides both goods and services?

• A babysitter

• A post office

• A bus driver

• A DJ

Items that can be bought, sold, and traded, such as food and computers

• goods

• services

• market

• economics

Tasks you pay someone to do for you

• goods

• services

• market

• necessity

A toy is a service.

• True
• False

A good that lasts 3 years or more when used on a regular basis.  (example: a car)

• Durable Good
• Nondurable Good
• Consumer Good
• Capital Good

A tissue is an example of a...

• Durable good

• Nondurable good

• Service

• Want

Which of the following could be considered both a durable good and consumer good?

• Automobile

• candy bar

• dental floss

• a loaf of bread

_____ are goods produced and used to make other goods or services

• natural resources

• human resources

• capital goods

• nondurable goods

What does the term "Utility" mean in economics?

• Usefulness

• Scarcity

• Durability

• Capital