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Economics

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

A product that is made for people to buy and use

a)

a good

b)

a service

2.

Which is an example of a good?

a)

mowing the lawn

b)

shoes

c)

teaching

3.

Which of these is an example of a service?

a)

Pencil

b)

Soccer ball

c)

Car

d)

Collecting Trash

4.

A skateboard is a good

a)

True

b)

False

5.

Rowan gave Wyatt a movie in exchange for a football. This is an example of ________.

a)

goods

b)

buying

c)

bartering

d)

money

6.

Why do countries trade with each other?

a)

to make new friends

b)

to show off what they have

c)

to get goods they want or need, but do not produce or grow

7.

_____ are things you buy or trade.

a)

books

b)

goods

c)

economics

8.

When you pay $40 for a new toy, are you bartering?

a)

Yes

b)

No

9.

_____ is another word for trading.

a)

bartering

b)

good

c)

service

d)

charities

10.

When Colton trades his Goldfish for Emily's Cheez-its, they are bartering.

a)

True

b)

False