WorksheetsVocabulary Terms
Total questions: 19
Worksheet time: 10mins
Is a car a want or a need?
Want
Need
Which of the following best describes a consumer?
Someone who lends money to businesses.
Someone who manages a store.
Someone who creates products for sale.
Someone who buys goods or services.
What is an example of a need?
Concert tickets
Designer shoes
Video games
Clean water
Which of the following is considered a good?
Advice from a teacher
A bank loan
A bicycle
A haircut
Which of the following is a want rather than a need?
Water
Smartphone
Food
Medicine
What is the main difference between a good and a service?
A good is always expensive, while a service is always cheap.
A good is something you cannot buy, while a service is free.
A good is only sold online, while a service is only sold in stores.
A good is something you can touch, while a service is an action someone does for you.
Who is considered a producer?
Someone who buys products for personal use.
Someone who creates or provides goods or services.
Someone who manages a store.
Someone who borrows money from a bank.
Which of the following is an example of a service?
Purchasing a book
Getting your car washed
Owning a bicycle
Buying a loaf of bread
What do we call someone who buys goods or services for personal use?
Producer
Consumer
Manager
Supplier
Which of the following is a need rather than a want?
Concert tickets
New video game
Ice cream
Warm clothing
