SS Week 23 Quiz

Watch the words with the definition.

• turning raw materials into goods

• tourism

• all goods and services used to treat peo

• agriculture

• providing goods or services to travelers

• healthcare

• growing crops and raising animals

• manufacturing

• creating/improving services or products

• research and development

True or False: A person can be a producer and a consumer.

• True

• False

What is an example of a private service? Choose ALL that apply.

• park playground

• home food delivery

• automatic car wash

• internet at the library

• police and fire services

True or False: Teaching is an example of a private good.

• True

• False

Who starts a business with a new idea or to fulfill a community need?

• consumers

• entrepreneur

• producers

• workers

Choose the words that best complete the sentence. A(n) ​ (a)   makes goods. A(n) ​ (b)   buys goods.

• entrepreneurs
• profit
• producers
• consumers

What is the money left over after business costs are paid?

• expenses

• income

• loss

• profit