Economy - Producers and Consumers

Goods and services that are shared by the community are called ____________.

• economy

• private goods and services

• public goods and services

• wants and needs

How does the government pay for services they provide to communities?

• fundraising

• selling goods

• printing money

• taxes

What kind of goods and services are provided buy businesses for individuals to buy?

• public goods and services

• private goods and services

• wants and needs

• supply and demand

Who are the people that make goods or provide services for others?

• producers

• consumers

• teachers

• workers

Who are the people who buy goods and services?

• producers

• consumers

• teachers

• workers

A baker is _____________

• a producer

• a consumer

• a producer and a consumer

• a community leader

TRUE or FALSE: A teacher can be both a producer and a consumer.

• True

• False

What do producers depends on in order to meet their wants and needs?

• economics

• goods

• taxes

• trade