Producer/Consume
Goods/Services
Wants/Needs
Gov. Services
Imports/Exports
100
Farmer Joe grows corn to sell at the market. Is he a producer or consumer?
What is producer!
100
What is a good?
An item you buy from a store.
100
What is a want?
An item you could live without.
100
What are taxes?
Money that is paid to the government.
100
A ____________is when a good that one country sends to another.
export
200
Ms. Woods buys candy for her classes. Is she a producer or consumer?
What is consumer!
200
What is a service?
Paying someone to do a job for you.
200
What is a need?
An item you need to survive.
200
Are schools paid for with tax money?
Yes!
200
A ___________is a good that one country gets from another country.
Import!
300
To raise money for her trip to Alaska, Ms. Woods decides to make and sell bracelets. She goes to Wal-Mart to buy the supplies she needs and then sells her bracelets. How is she a producer? How is she a consumer?
Producer: Sells bracelets Consumer: Buys goods from Wal-Mart
300
Do teachers provide a good or a service?
Service!
300
Are toys a want or a need?
want
300
Which one of these is paid for with tax money: 1) roads 2) malls 3) zoos
Roads!
300
The United States sends corn to China. The corn is a ______ for the United States and a _______to China
export/import
400
Give an example of how you could be a producer.
Making/creating/growing something.
400
Name a service you could do for someone else.
Babysit, mow the lawn, etc.
400
Give two examples of needs.
Food, water, clothing, shelter.
400
Why are taxes important?
Taxes are important because they pay for public services, such as schools, police forces, fire houses, etc.
400
China sends computers to the United States. China is importing or exporting the computers.
Exporting!
500
Interdependence means that producers and consumers need each other. Why?
Consumers need to buy the products producers make and producers need consumers to buy the products they make.
500
Name one business in Cleveland that provides goods.
Ingles, Wal-Mart, etc.
500
Which is more important, wants or needs? Why?
Needs because we NEED them to survive.
500
Name one way tax money is collected.
Sales tax or income tax
500
Why are imports and exports important?
Different countries can help each other out by providing what they need.
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