WorksheetsCommunity Economics Quiz
Total questions: 14
Worksheet time: 7mins
Income is money you earn from working.
True
False
Income helps to pay for wants and needs.
True
False
Goods and services are always free.
True
False
People can be both producers and consumers.
True
False
Which is a natural resource?
Soil
Clothes
What is something you need to live?
Candy
Water
If someone does not buy anything with their money it means they are
Saving
Spending
When an item is on sale it means that it is
Cheaper
More expensive
Is food a want or a need?
Want
Need
Is a phone a good or a service?
Good
Service
Is a baker a producer or a consumer?
Producer
Consumer
A lot of people want ice cream. Is that an example of supply or demand?
Supply
Demand
Why are jobs important?
Talk to others
Earn money and help people
How can people be responsible with their money?
Save money
Spend money
