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WorksheetsCh. 4 SS
Total questions: 21
Worksheet time: 12mins
Name
Class
Date
1.
Needs are required to live.
a)
true
b)
false
2.
Planning how money will be spent
a)
economy
b)
standard of living
c)
budget
3.
When there is very little of something
a)
scarce
b)
monopoly
c)
standard of living
4.
food
a)
need
b)
want
5.
air
a)
need
b)
want
6.
The desire or willingness a consumer has to purchase a good or a service is called?
a)
shortage
b)
supply
c)
price
d)
demand
7.
The amount of goods or services available is called?
a)
supply
b)
demand
c)
producer
d)
consumer
8.
Farmers in California have had wonderful weather. They have produced the largest crop of watermelons in years. What will happen to the price of watermelons?
a)
The price will go up.
b)
The price will go down.
9.
Cold weather in Florida has damaged this year’s orange crop. Farmers have only half of the usual amount of oranges to sell. What will happen to the price of oranges?
a)
The price will go up.
b)
The price will go down.
10.
How much people want something
a)
supply
b)
demand
11.
How much of something is available
a)
supply
b)
demand
12.
Weather forecasters predict this summer will be much hotter than usual. What will probably happen to the demand for air conditioners?
a)
The demand will probably go up
b)
The demand will probably go down
13.
In general, if the price of a good or service goes down, what happens to the demand for that good or service?
a)
demand goes up
b)
demand goes down
c)
demand stays the same
d)
none of the above
14.
Baker
a)
Producer
b)
Consumer
15.
Student eating.
a)
Producer
b)
Consumer
16.
Lady getting her hair cut.
a)
Producer
b)
Consumer
17.
Patient at doctor's office
a)
Producer
b)
Consumer
18.
Dog being groomed
a)
Producer
b)
Consumer
19.
Doctor
a)
Producer
b)
Consumer
20.
Teacher
a)
Producer
b)
Consumer
21.
Lady cutting a dog's hair
a)
Producer
b)
Consumer
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