Goods & Services
Wants & Needs
Producers & Consumers
The Community and Economics
Past, Present, Future
100
What do we call an object that you can buy and actually hold?
A good
100
These are things that we must have to live.
Needs
100
What do producers do?
Producers make goods and services.
100
A group of people who care about each other, but might not be related, is called a __________. A. class B. family C. tribe D. community
D. community
100
You are in first grade. Is this statement about the past, present, or future?
present
200
What do we call a task that you pay someone to do for you?
A service
200
These are things we would like to have.
Wants
200
People that buy goods and services are called _________.
Consumers
200
Families share: A. language B. food C. traditions D. all the above
D. all the above
200
Today is March 7th. Name a day that is in the past.
Any day before March 7th
300
Does a teacher provide you with a good or a service?
service
300
The house you live in is a ______. (need or want)
Need
300
Sally is going to open a lemonade stand tomorrow. When she sells lemonade to customers, will she be a producer or a consumer?
Producer
300
Doug looked in the fridge and said "The yogurt is scarce!" This means that Doug has ______ of yogurt. A. a lot B. a small amount C. too much D. no
B. a small amount
300
Today is March 7th. Name a day that is in the future.
Any day after March 7th
400
A football is an example of a ________. (good or service)
A good
400
The Nintendo Wii you play is a need. True or False? Why?
False, you don't need it to live.
400
Can producers be consumers too?
Yes! In order to make things, they had to buy materials first.
400
Both people benefit and get what they want when a trade is made. True or false?
True
400
"In 100 years we will fly in hover cars and live on the moon." Does this statement describe the past, present or future?
Future
500
The mailman offers a service. True or false?
True
500
Is clothing a want or a need? Why?
A need because you would die without something on your body to keep you warm.
500
Name 2 ways people can earn money.
A variety of jobs.
500
Money is always used when a trade is made. True or false?
False, you can trade a good for a good.
500
"You used to be a baby." Does this statement describe the past, present, or future?
past
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