P2 Goods and Services
Authored by Henry Huynh
Social Studies
2nd Grade
Used 3+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Complete the sentence.
People have to buy, sell and exchange ___________ among themselves.
Goods and services
Food and water
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Goods are things bought and sold to satisfy people's ________.
wants
needs
services
goods
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
When consumers buy services, they do not get things but they get work done for them.
True
False
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Giving goods and services in exchange for money is called....
exchanging
buying
selling
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Receiving goods and services in exchange for money is called....
buying
selling
exchanging
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the name for the medium used for the exchange goods and services?
goods
services
money
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
_________ is the process of using productive resources to produce goods and services.
Production
Consumer
Seller
Buyer
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