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Economics

Total questions: 10

Worksheet time: 30mins

Name
Class
Date
1.

The people who buy or purchase goods or services.

a)

services

b)

goods

c)

consumers

d)

producers

2.

People that make or produce goods.

a)

services

b)

goods

c)

consumers

d)

producers

3.

A teacher provides a _______ to his or her students.

a)

service

b)

good

c)

consumer

d)

producer

4.

A farmer provides _______ such as vegetables for the consumer to buy.

a)

services

b)

goods

c)

consumer

d)

producer

5.

Supply is how much of something is

a)

available

b)

wanted

c)

needed

d)

cheap

6.

_________ is how much of something people want.

a)

supply

b)

demand

c)

services

d)

import

7.

Items that we must have in order to survive are

a)

wants

b)

needs

c)

taxes

d)

services

8.

Things that we desire or would like to have are called

a)

wants

b)

needs

c)

services

d)

currency

9.

The government collects this to help pay for community buildings, services, and workers.

a)

needs

b)

trade

c)

taxes

d)

scarcity

10.

When a state or country ships goods to other places to be traded:

a)

resources

b)

imports

c)

exports

d)

demand