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Goods and Services & Saving and Spending

Total questions: 21

Worksheet time: 15mins

Name
Class
Date
1.

You have compared two prices on a PlayStation 4. They are COMPLETELY the same except the price tag. Because you've shopped around, you found two different prices. Which is the BEST option?

a)

Circuit City Store

PlayStation 4

$ 499

b)

Best Buy Store

PlayStation 4

$459

2.

Why is it important to shop around and compare items/prices?

a)

So you can pay the most amount of money.

b)

So you can say you looked around for the best bargain.

c)

So you can find the best item for the best price.

3.

If you want to buy a new computer, what should you do?

a)

Look at a few stores and compare prices.

b)

Get the computer that looks the prettiest.

c)

Get the computer with the highest price tag!

d)

Run to the closest store and buy the computer!

4.

If you "purchase" something. Are you a consumer or producer?

a)

Consumer

b)

Producer

5.

If you "produce/make" something. Are you a consumer or producer?

a)

Consumer

b)

Producer

6.

Click on all the pictures of a "consumer."

a)

b)

c)

d)

7.

Click on all the pictures of a "producer." Hint (producing: making something to sell)

a)

b)

c)

d)

8.

What do all three of these things have in common, Doctor, Writer, and Teacher. They are all _______. Choose the BEST answer.

a)

a need

b)

a good

c)

a law

d)

jobs

9.

Which one is NOT a job.

a)

Teacher

b)

Carpenter

c)

Pencil

d)

Doctor

10.

GOODS are what people BUY. Click on all the GOODS pictures below.

a)

seeing a therapist

b)

buying toys

c)

seeing a lawyer

d)

buying groceries

11.

Services are what people provide. (You PAY for their services.) Click on all the pictures that are "services," you can buy.

a)

PIZZAAAA

b)

A lawyer

c)

A therapist

d)

Singing lessons

12.

Organize these options into the right categories: Goods and Services

Categorize the following

Pizza

Lawyer

Groceries

Televisons

Computers

Video Games

Cops

Fireman

Electric Company

Singing Classes

Buying from Amazon

Goods
Services
13.

What is an example of a consumer?

a)

A worker who fixes trucks.

b)

An artist who sells paintings.

c)

A person who buys books.

d)

A farmer who grows corn.

14.

Which provides both GOODS and SERVICES? (HINT: Think about what they sell...if they sell anything..)

a)

a family

b)

a post office

c)

a bus driver

d)

a babysitter

15.

Reorder the following: What happens when a store gets a HUGE amount of an item and then the demand isn't there for the item?

a)

A store gets a LARGE supply of notebooks.

b)

Very few customers buy the notebooks.

c)

The store lowers the prices of notebooks.

d)

Customers start buying more notebooks.

1)
2)
3)
4)
16.

How many days are in a week?

a)

5

b)

7

c)

10

d)

4

17.

You save 5 cents every day. How much will you have saved up in a week?

a)

5 cents

b)

25 cents

c)

35 cents

d)

45 cents

18.

If you saved 10 cents every day, how much will you have saved up in a week?

a)

10 cents

b)

70 cents

c)

25 cents

d)

50 cents

19.

Ms. Porter wants to buy a new phone, but I need a new notebook for school. What should I do?

a)

But the phone and use a student's notebook for awhile.

b)

Buy the phone and put away money for the notebook.

c)

Buy the notebook and put away money for the phone.

d)

Buy the notebook and tell Mrs. Zap to buy me a phone.

20.

What is a budget?

a)

A plan for spending and saving money.

b)

A center where you can donate things.

c)

A safe place where people keep money.

d)

A group that helps the community.

21.

Reorder the following:

a)

Moby decides to help the community animal shelter.

b)

Moby thinks of ways to raise money for the shelter.

c)

Moby organizes a big bake sale with his friends.

d)

Moby donates money from the sale to the shelter.

1)
2)
3)
4)