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WorksheetsSectors of Economy
Total questions: 17
Worksheet time: 1hrs 25mins
Something you can use like paper, pizza, or a video game
want
need
good
serivce
Something someone does for others like mowing grass, and teaching students.
Good
service
need
want
Someone who uses goods and services like a customer in a grocery store.
consumer
producer
supply
demand
Someone who provides a good or service like a farmer or doctor
consumer
producer
demand
supply
How much of something people want to buy
Supply
surplus
demand
shortage
If the demand of a product goes up, the price will go (a) .
If the demand of a product goes down the price will go (a) .
How much of something available to be bought
demand
shortage
surplus
supply
If supply goes down, the price will go (a) .
If supply goes up, the price will go (a) .
How much something costs
opportunity cost
price
demand
supply
The economy is the system of using resources, buying, and selling.
True
False
My brother using his income to buy a laptop is an example of which economic sector?
Banking
Business
Household
Government
My sister selling her labor, or work, to her job is an example of which economic sector?
Government
Households
Banking
Business
Walmart selling goods and services is an example which economic sector?
Banking
Business
Government
Households
Receiving a loan for goods is an example of which economic sector?
Banking
Business
Households
Government
The use of taxes to provide public services to the public is used by which economic services?
Business
Government
Banking
Households
