Economics Vocabulary review

Is a cookie a want or a need?

• want

• need

Which are needs?

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I went to target and bought donuts. Did I buy a good or a service?

• good

• service

I paid the boy who lives next door to cut my grass. Did I buy a good or a service?

• good

• serivce

Which of these are goods? There is more than one right answer.

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Which of these are people providing services? There is more than one right answer.

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Sam is an artist who makes paintings. Is she being a producer or a consumer?

• producer

• consumer

Anya is shopping for food for her family. Is she being a producer or a consumer?

• producer

• consumer

Mrs. Butler buys a book for our class. Is she being a producer or a consumer?

• producer

• consumer

Raj makes ice cream to sell on hot days. Is he beoing a producer or a consumer?

• producer

• consumer