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WorksheetsFirst grade Economics
Total questions: 15
Worksheet time: 8mins
I am something you can buy and take home with you.
producer
good
service
income
When someone does something for you and you pay them, it is called a _____________________.
good
income
service
piggy bank
I use my money to buy things. That makes me a __________.
need
consumer
bank
producer
I make things to sell or I provide a service. I am a __________.
producer
consumer
good
service
When we do a job, we get paid money. We call that our _______________.
consumer
want
scarcity
income
When everybody wants something, and there isn't enough to go around we call that______________________.
income
want
scarcity
consumer
Things we have to have to live are called___________________.
needs
services
producer
wants
Things we'd like to have are called ____________________.
needs
income
scarcity
wants
When I keep some of my money for things I might need we call that ____________________________.
spending
saving
scarcity
wants
Mom got some apples. They are ____________________.
goods
services
I am a farmer. I am a _____________________________.
consumer
producer
I got some boots and a coat. Those items are __________________.
wants
needs
My dad drives a delivery truck. He is a ___________________.
producer
consumer
When my friend got married, he and his new wife bought a house. The house is a ____________________________.
need
want
Can a person be both a producer and a consumer?
yes
no
