Money & Business Quiz Review

What are goods?

• Things in the world.
• Things that are made or grown and then sold.
• Only positive things that happen to consumers.
• An activity that a business or person trades for payment.

What are services?

• An activity that a business or person trades for payment.
• Services include clothing, food, and water.
• An item produced in an economy that you exchange money for.
• There are no services in our current economy. 

Who is a consumer?

• A person who buys goods and services.
• A smart shopper
• A person who makes and sells goods and services.
• Someone who spends money constantly. 

What is a producer?

• Producers are only used in the music industry.
• A person who makes and sells goods and/or services.
• A person purchasing the good or service.
• Producers and consumers are the exact same thing.

What are human resources?

• People who make and sell your products.
• Things found in nature used to make a product.
• Goods made and used to produce other goods and services.
• Not having enough people to work.

What are natural resources?

• People who make and sell your products.
• Things found in nature used to make a product.
• Goods made and used to produce other goods and services.
• Nature is a beautiful place.

What are capital resources?

• People who make and sell your products.
• Things found in nature used to make a product.
• Goods made and used to produce other goods and services.
• The United States of America

Which of the following is a capital resource?

• sewing machine

• money

• scissors

• All of the above

Which of the following is not an example of a good?

• Toothpaste

• Apple

• Shirt

• Haircut

Which of the following is an example of a service?

• Toys

• Car

• Computer

• Medical Check-Up