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Which is an example of a limited resource?
A. A sale on your favorite ice cream
B. The number of people who need a good or service
C. Something people buy or make to sell
D. No bread at the grocery store
Sarah was learning about goods and services at school. She says that a doctor provides goods. Is she correct?
No, a doctor provides a service.
Clothes and food are examples of goods.
True
Sierra gave Robert her cookie at lunch and he gave her his chips. What is this an example of?
A. trading
B. borrowing
C. buying
D. selling
A. trading
What is consumer demand?
A. When a good is scarce.
B. Someone who buys goods.
C. Someone who provides a service.
D. The number of people who need goods & services.
D. The number of people who need goods & services.
Which service is likely to be in a rural community?
A. window washer
B. grocery delivery
C. farm
D. taxi
C. farm
What is another name for a nation?
A. state
B. city
C. country
D. continent
C. country
Which is an example of a consumer?
A. a teacher teaching a class
B. a baker baking a cake
C. a farmer harvesting crops
D. someone buying groceries at Walmart
D. someone buying groceries at Walmart
Sara is using her allowance to buy a stuffed animal, which is a benefit of her spending money?
A. she will have less money now
B. she will enjoy playing with the toy
C. she will have to do chores to earn more money
D. she will not be able to buy a ticket to the movies
B. she will enjoy playing with the toy
True or False?
A producer is someone who buys goods and services.
False
If Lucy wants to be a doctor when she grows up, which special skill will she need?
A. understand math and how a cash register works
B. understand how machines work and how to use tools
C. understand chemistry to give correct medicine
D. understand how to drive and fix cars
C. understand chemistry to give correct medicine
Max cuts his neighbor's grass in the summer and earns $50 a month. What is a reason he would save his money?
A. He works hard, so saving money will make his neighbors hire him again.
B. He only cuts grass in the summer, he should save money for the rest of the year.
B. He only cuts grass in the summer, he should save money for the rest of the year.