Goods and Services
Producers and Consumers
Needs and Wants
Spending and Saving
Money
100
Fruits and Vegetables are examples of
Goods
100
Is a teacher a producer or a consumer?
Producer
100
Is water a need or a want?
Need
100
What is it called when you use money right now?
Spending
100
How much money is three nickels?
15 cents
200
If you purchase a haircut are you buying a good or a service?
Service
200
A person who makes goods or provides services is called a
Producer
200
Is a radio a need or a want?
Want
200
What is it called when you hold unto your money and spend it later?
Saving
200
How much money is two dimes and one nickel?
25 cents
300
A check-up at the dentist is an example of a good or a service?
Service
300
A person who uses or buys goods and services is called a
Consumer
300
Name three things that you need to live.
Food, water, air, shelter, clothes
300
Why do people save money?
People save money so they can buy things that they need or want in the future.
300
How much money is one quarter, one dime, and two nickels?
45 cents
400
What are goods?
Items that people make or grow.
400
Give an example of a consumer.
answers will vary (someone who is buying a good or a service)
400
What happens when a person cannot have everything they want?
They have to make a choice.
400
Where can you keep the money that you want to save?
In a piggy bank or a bank
400
How much money is 4 dimes, two nickels, and three pennies?
53 cents
500
What are services?
Jobs that people pay others to do because they cannot or do not want to do the job themselves.
500
Give an example of a producer.
answers will vary (a person who is providing a good or service)
500
Do you need to take care of your needs or your wants first?
Needs
500
What is something that you will save money for?
answers will vary.
500
How much money is three quarters and two pennies?
77 cents
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