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WorksheetsEconomics
Total questions: 27
Worksheet time: 54mins
Products that people want, need, & buy are called______.
consumers
goods
needs
services
SOMEONE that buys or uses goods & services is called a____.
consumer
producer
want
need
Things that are NECESSARY to survive are called_____.
wants
goods
producers
needs
SOMEONE who makes or grows things is called a ______.
want
consumer
producer
good
Activities that provide people what they want or need are called______.
services
goods
wants
needs
Things that make life more enjoyable are called_____.
producers
needs
consumers
wants
A computer is a WANT.
true
false
Food is a NEED.
true
false
Shelter is a WANT.
true
false
TV is a NEED.
true
false
Firefighters provide a SERVICE.
false
true
Teachers provide a SERVICE.
true
false
A skateboard is a GOOD.
true
false
Shoes provide a SERVICE.
true
false
If Grandma knits a quilt she is a PRODUCER.
true
false
If kids purchase popcorn at a movie theater they are CONSUMERS.
true
false
When you purchase a shirt from Target, you are a PRODUCER.
false
true
A farmer is a PRODUCER.
true
false
If a boy makes a birthday card for his mom, he is a CONSUMER.
true
false
Last year's popular shoes are in ______.
LOW demand
high demand
Mittens (gloves) in May are in ____.
HIGH demand
LOW demand
Sunscreen in July (summer) is in _______.
HIGH demand
LOW demand
Pumpkins in October are in _____.
LOW demand
HIGH demand
Water balloons in January (winter) are in ____.
LOW demand
HIGH demand
Wrapping paper at Christmas time (December) is in _____.
LOW demand
HIGH demand
Valentine's cards in February are in ______.
LOW demand
HIGH demand
If the demand is HIGH, then the SUPPLY will be LOW and the price will INCREASE.
true
false
