Economics Study quiz

Receiving a new toy from your mom is a

• good

• service

Buying a pair of new shoes is a

• good

• service

Hiring a DJ for your birthday is a

• good

• service

A mechanic fixing your car is a

• good

• service

Paying to get your car washed is a

• good

• service

A new backpack for school is a

• good

• service

The system in which goods and services re bought and sold.

• economy

• goods

• services

• scarcity

When people want more things than they can actually have.

• economy

• goods

• services

• scarcity

Tasks you pay someone to do for you.

• economy

• goods

• services

• scarcity

Items that can be bought, sold, and traded, such as food and computers.

• economy

• goods

• services

• scarcity