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Worksheets2nd & 1st Unit 1 School Store
Total questions: 19
Worksheet time: 10mins
Things that can be bought and sold are called
goods
services
saving
needs
wants
Things that you need to live like clothes, food, and shelter are called
goods
services
saving
needs
wants
Things you'd like to have, but do not need are called
goods
services
saving
needs
wants
Work that is done for others for money is called a
goods
service
saving
needs
wants
To put aside money to use later is called
goods
service
saving
needs
wants
How much of a product that we want is called the
producer
consumer
supply
demand
scarcity
A person who buys and uses goods and services is a
producer
consumer
supply
demand
scarcity
The amount of something that you have is called
producer
consumer
supply
demand
scarcity
When there is a small supply of something, it is called
producer
consumer
supply
demand
scarcity
A person who makes, grows, or sells goods is a
producer
consumer
supply
demand
scarcity
To exchange one thing for another is called a
bank
trade
sharing
price
barter
A place that looks after our money is a
bank
trade
sharing
price
barter
THe amount of money you pay for something is called
bank
trade
sharing
price
barter
Dividing something into equal parts is known as
bank
trade
sharing
price
barter
When goods and services are exchanged, that system is called the _________ system.
bank
trade
sharing
price
barter
A producer is someone who
buys a product or service
sells a service or makes and grows a good to sell
A consumer is someone who
buys a product or service
sells a service or makes and grows a good to sell
Which occupation (job) below provides a good?
police officer
nurse
baker
electrician
Which occupation (job) below provides a service?
fire fighter
baker
pet shop owner
grocer at the store
