Economics Vocab Test

The people who buy and use the goods and services

• consumer

• producer

• trade

• barter

A country's system of money is called _____________.

• currency

• consumer

• producer

• income

A person who makes a good or provides a service

• consumer

• producer

• owner

• employee

An example of a consumer is when a customer shops at a clothing store.

• True

• False

When a customer buys a stuffed animal from the store, they are a ______________.

• Producer

• Consumer

When an employee at a tire shop changes your tires, they are a providing a service.

• True

• False

____________ and consumers working together is called interdependence.

• Producers

• Income

• Profit

• Entrepreneur

Resources that come from nature are called _______________.

• Capital resources

• Natural resources

A person who starts his/her own company

• Consumer

• Capital resources

• Entrepreneur

• Servicer

An example of a natural resource is oil.

• True

• False