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WorksheetsEconomy Review
Total questions: 17
Worksheet time: 9mins
A farmer provides _______ such as vegetables for the consumer to buy.
services
goods
consumer
producer
Supply is how much of something is
available
wanted
needed
cheap
_________ is how much of something people want.
supply
demand
services
import
A product that is made for people to buy and use
a good
a service
Which is an example of a good?
mowing the lawn
shoes
a dentist
Which of these is an example of a service?
Pencil
Soccer ball
Car
Collecting Trash
The system of how money is made and used
price
Supply
Demand
economy
Which of the following is not a natural resource?
Water
Soil
Trees
Cars
Due to the frost in Florida the orange crops froze and the farmers lost half of their oranges that they had to sell. The farmers market is next week and lots of people want oranges. What would they do to the price of the oranges next weeks at the market?
Make the price higher
Make the price lower
What happens to the price of something when the demand is low.
The price goes up
The price goes down
The price stays the same
Its free
In December in Ohio, the price for beach towels and sunscreen goes down. What is the reason for this?
People are going to the beach
The demand is low
The demand is high
People don't like the beach
Which is not an example of a service?
Helping a parent with chores
Cleaning up the park
Buying fruit at the grocery story
Mowing my neighbors grass
What is a good?
something you can touch or feel
something you can see only
a feeling
a person
All of these affect prices of a good or service except
supply
demand
buildings
location
Clothing
Good
Service
Barber
Good
Service
Gasoline
Good
Service
