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Goods and Services

Authored by Austin Busker

Social Studies

4th - 5th Grade

8 Questions

Used 269+ times

Goods and Services
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a good?

Items purchased to satisfy needs and wants

money provided, especially by an organization or government, for a particular purpose.

Actions or activities that one person performs for another

a required payment to a local, state, or national government

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are services?

Items purchased to satisfy needs and wants

Actions or activities that one person performs for another

Obtaining money, goods, or services in exchange for promise of future payment

something, typically money, that is owed or due

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is funding?

a required payment to a local, state, or national government

Certificates of debt that carry a promise to buy back the bonds at a higher price

A sum of money given by a certain organization, especially the government, for a certain reason or cause

money provided, especially by an organization or government, for a particular purpose.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are bonds?

A sum of money given by a certain organization, especially the government, for a certain reason or cause

Certificates of debt that carry a promise to buy back the bonds at a higher price

Obtaining money, goods, or services in exchange for promise of future payment

Actions or activities that one person performs for another

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are grants?

a required payment to a local, state, or national government

Items purchased to satisfy needs and wants

A sum of money given by a certain organization, especially the government, for a certain reason or cause

Certificates of debt that carry a promise to buy back the bonds at a higher price

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a tax?

Certificates of debt that carry a promise to buy back the bonds at a higher price

a required payment to a local, state, or national government

Actions or activities that one person performs for another

Items purchased to satisfy needs and wants

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is debt?

Obtaining money, goods, or services in exchange for promise of future payment

Certificates of debt that carry a promise to buy back the bonds at a higher price

money provided, especially by an organization or government, for a particular purpose.

something, typically money, that is owed or due

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