Unit 7 Quiz

Name: First and Last

1. A producer is:

• Someone who buys a product
• Someone who creates a product to sell
• When there is not much of an item left
• Someone who controls the entire economy

2. A consumer is:

• Someone who buys a product
• Someone who creates a product to sell
• When there is not much of an item left
• Someone who controls the entire economy

3. When someone REALLY wants to buy a product, the _______ will be high for that person.

• Supply
• Scarcity
• Command Economy
• Demand

A farmer grows crops to sell.  The farmer is a _________.

• producer
• consumer
• need 
• want