Economics

Economics is...

• studying goods, services, and how people can get them.
• studying trees, bushes, and other plants.
• studying animals and wildlife.
• studying food, and how food is made.

Which of these is a good?

• Librarian
• Teacher
• Computer
• Mechanic

Which of these provides a service?

• Pumpkins
• Mailman
• Turtles
• Cars

The people who grow or create goods are called...

• producers
• consumers
• banker
• traders

The people who buy goods and services are called...

• producers
• consumers
• banker
• traders

Which of the following is a need?

• Crayons
• Video Games
• Basketballs
• Houses

If video games are not a need, what are they?

• a wish
• a dream
• a want
• a necessity

All people have the same wants and needs.

• True
• False

How do most people obtain goods or services today in America?

• Money
• Trading
• Bartering

I want to buy new shoes for $20. I only have $5. How can buy the shoes?

• Pay $5
• Save my money
• Trade my old shoes for the new shoes