Test review

What are goods?

• Things you can buy or sell

• I don't know

• A person who buys things

• YMCA

What are services?

• Something that a person provides to make a profit (money)

• economic choices

• ice cream

• pizza party

What is a consumer?

• A producer

• A person who buys things

• a flower

• orange popsicle

What is a producer?

• A consumer

• A person who makes or sells goods

• a fruit

• a vegtable

What is the name or the place where people buy or sell goods?

• oil

• the sea

• orange bangles

• The Marketplace (example: Target)

Can people have everything that they want?

• Yes of course

• Maybe

• I don't know

• No, because people need to make economic choices when they go shopping.

What does it mean when a good is scarce?

• There is a lot

• I don't know

• There is a small amount

• a cat

Give an example of money?

• Purple boots

• $100 bill

• crackers

• buttons

Barter

• To trade

• To steal

• To beat

• To blink

Why do people save money?

• To buy things

• To laugh

• To slip

• Peppa Pig