Economics Quiz

Food, water, clothes, and a place to live are all what?

• needs

• wants

• choices

• traditions

Why is a toy a want?

• A toy costs money.

• A toy can be bought.

• A toy is something we would like to have.

• A toy is something that we must choose between.

Why do people use money?

• to make choices

• to list needs and wants

• to buy needs and wants

• to pick between two things

What are goods?

• tasks people do

• workers who help people

• things people make or grow

Who provides a service in your community?

• your pet

• a doctor

• a mailbox

• your classmate

Which is a producer?

• a farmer growing potatoes

• a dad playing the piano at a party

• a government leader describing a law

• a child saying the Pledge of Allegiance

Which is true about consumers?

• Consumers come from far away.

• Consumers provide many services.

• Consumers buy or use goods and services.

• Consumers sell and shop for goods in stores.

What is a budget?

• a way to market goods

• a wish to donate money

• a plan for how to spend and save money

If you pick between one thing or the other you are making a ________.

• Choice

• Good

• Service

• Limited

Which is a job in the community?

• a girl riding a bike

• a family celebrating

• a worker fixing a car

• a boy tying his shoes