Basic Economics

Economics is the study of how people interact with money and wealth.

• true

• false

Goods are items you can buy.

• false

• true

A book is a service.

• false

• true

Which of the following are a service?

• apple

• shoes

• doctor

• water bottle

Which of the following is a good?

• hair cut

• plumber

• pizza

A consumer is someone who buys goods and services.

• true

• false

A producer is someone who makes or grows goods

• false

• true