Economy Quiz #1

Things people make like cars, paper, or candy bars.

• services

• goods

• taxes

• consumer

Things people do like teaching, giving a haircut, or repairing a car.

• services

• goods

• producers

• consumers

People who make and sell goods are known as

• consumers

• producers

• supply

• demand

A person who buys and uses goods and services are known as

• consumers

• producers

• employees

• managers

When a consumer and producer depend on each other this is known as

• voluntary trade

• goods

• services

• interdependent

Consumers and producers who willing trade with one another are known as

• interdependent

• voluntary traders

• producers

• consumers