Economics

Is this a NEED or a WANT?

• Need

• Want

True or False: A good is something you buy and consume. They are things you can keep, eat, or use.

• True
• False

Does this person provide a good or a service?

• good
• service

• Producer
• Consumer

Why do people spend money?

• To buy goods and services

• To go fishing

Greg finds a nickel and puts it in his piggy bank.

• spend

• save

Leah goes to the store and buys items to make dinner. Leah is a _________.

• producer
• consumer

People _________ money to buy things in the future.

• save

• lose

Is this a NEED or a WANT?

• Need

• Want

Maya grows and sells fruit from her farm. Maya is a ________.

• producer
• consumer