Economics 2nd grade

What do people need to live?

• Air, food, water, and shelter

• Toys, candy, books, and bikes

• Ponds, deserts, forests, and mountains

• Books, teachers, students,

A ___________________ is a safe place to live.

• service

• shelter

• good

• want

What goods might a baker sell?

• Bikes and skateboards

• Computers and phones

• Bread and pies

• Shampoos and soaps

Which sentence is TRUE?

• A consumer is someone who sells goods and services

• People need bikes and skateboards to live

• Communities can help people get their needs

• A want is something you must have to live

A farmer and a dentist are both PRODUCERS. What is a producer?

• A person who sells goods and services

• A person who buys goods and services

• Something you need to live

• Something you would like to have

What is an example of a CONSUMER?

• A farmer who grows corn

• An artist who sells paintings

• A worker who fixes trucks

• A person who buys books

Grandpa wants to buy a new camera. What should he do?

• Look at a few stores and compare prices

• Run to the closest store and buy a camera

• Buy the camera with the highest price

• Get the camera that looks the prettiest

Who makes or grows goods or offers services?

• Producers

• Consumers

• Demanders

Who is considered a consumer in the marketplace?

• A store owner selling fruits

• A child buying an ice cream

• A factory producing cars

• A school providing education

Which is a way to get what you want?

• Buying what you want first before buying what you need

• Buying what you need first and save money to buy what you want

• Buying everything without looking at prices