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WorksheetsEconomics with Miss Wash
Total questions: 12
Worksheet time: 2mins
What are goods?
Something you do for others.
Something you can use.
Something you need to survive.
How much something costs.
What is a service?
Something someone does for others.
Something you go to on Saturdays or Sundays.
How much of something people want to buy.
Something you would like to have.
What is supply?
How much something someone has
What you give up to get something else.
The amount of money you have.
How available an item is to be bought.
What is demand?
The amount of things you have.
How stern someone is to you.
How much of something people want to buy.
Someone who provides a good or service.
If supply increases, the price will _________.
go down.
go sideways
go horizontal
go up.
If supply decreases, the price will ________.
go home
go up
stay the same
go down
If demand decreases, the price will _______.
go sideways
go vertical
go down
go up
If demand increases, the price will _________.
go to another country
stay the same
go up
go down
Which is an example of supply?
The number of items a store has for people to buy.
The number of items a store doesn't have that people bought.
The number of people who want the item.
The estimated number of people in the store.
Which is an example of goods?
Firefighter
Food
Teacher
Haircut
Which is an example of a service?
Medical check-up
Eating
Shopping
Sleeping
Which is an example of demand?
Having 9 baseball cards to sell.
Buying a car every 10 years.
Customers standing in line for hours to buy something
Giving your friend a candy bar because you have an extra one.
