Goods and Services Quiz

Who makes or grows goods or offers services?

• producers

• consumers

• demanders

• resources

What is an example of a consumer?

• a farmer who grows corn

• a person who buys books

• an artist selling paintings

• a worker who fixes trucks

What are goods?

• things people make or grow then sell

• good food

• money

What is a service?

• the service that is used for computers and phones

• work that one person does for another

• WiFi

What is a profit?

• losing money

• money the business makes every day

• money the business makes before it pays their costs

• money the business makes after it pays their costs

If something is scarce will it cost more or less?

• more

• less