1-29 Exit Ticket

Which of the following best describes a market economy?

• people are free to buy whatever they need

• people can only buy a few goods and services

• people do not have goods and services to buy

• the government makes all the goods and services free

A __________ is a product that can be held or touched.

• good

• service

• tax

• government

A ________ is an activity provided by a person.

• good

• service

• tax

• government

Which of the following is an example of a good?

• teacher

• doctor

• mechanic

• pencil

Which of the following is an example of a service?

• doctor

• shirt

• pencil

• chair

You get your haircut

• Good

• Service

You buy a book from a garage sale

• Good

• Service

You buy your mother a flower from a flower shop

• Good

• Service

You hire someone to cut your lawn

• Good

• Service

You purchase a game to give as a birthday gift

• Good

• Service