Economics

People are ______?

• Consumers

• Producers

• Goods

• Services

When you go to the salon or barber, you are a ___ and you are getting a _____?

• Consumer, Service

• Producer, Service

• Consumer, Good

• Producer, Good

Give an examples of a consumer.

Give an example of a good.

People acquire goods and services through exchange of money or through _______?

• Consuming

• Scarcity

• Bartering

• Producing

When things are scarce people must make economic choices because resources and goods are________?

• Plentiful

• Endless

• Limited

• Natural

What 2 options are needs?

• Food

• Toys

• Water

• Cellphone

Which two things are wants?

• Car

• A Home

• Video Games

• Money

Walmart and Farmers are _____?

Teachers and Barbers/ Stylist are _______?