Goods and Services
Types of Currency
Consumer, Producer, or Vendor
Guess the Inflation
What is this item from the 1970's?
100
Deborah goes to McDonalds and spends $30. Was she purchasing goods (G) or services (S)?
Goods
100
What is currency?
Money
100
Is this person a consumer, producer, and/or vendor?
Cathy makes lemonade after school and sells it to her neighbors.
Producer
100
How much did a gallon of milk cost in the 1970s?
$1.57
100
/cdn.vox-cdn.com/uploads/chorus_asset/file/13070145/sony-original-walkman-tps-l2.0.1406747932.jpg)
Walkman/ Tape Player
200
How is a service different than a good?
Someone does a service for you.
200
Which is these bills does not exist in US money?
$1
$2
$25
$100
$25
200
Is this person a consumer, a producer, and/or a vendor?
Cathy's neighbors buy lemonade from her every day.
Consumer
200
How much did a movie ticket cost in 1970's?
$2.03
200
Pet Rock
300
Name a good that I might purchase daily.
Dunkin Donuts coffee
300
What is the name of this type of currency?
OR what country would use it?
Europe or Euro
300
Is this person a consumer, a producer, and/or a vendor?
Rick buys shoes from goodwill and sells them on ebay.
Consumer and Vendor
300
How much did a dozen eggs cost in the 1970's?
$0.77
300
Deodorant
400
Which of these is not considered a good?
Shoes
Food
Amusement Park Ticket
A laptop for work
Amusement Park Ticket.
Bonus point if you can tell me why?
400
What country would I use this currency in?
Or What is it called?
Canada or Canadian Dollar
400
Is this person a consumer, a producer, and/or a vendor?
Angela pays her babysitter every Friday.
Consumer
400
How much did a 5 pound bag of sugar cost in the 1970's?
$0.39
400
Cassette Rewinder
500
Give an example of a service that I may use at least once a month?
Haircut
Pedicure
Carwash
Go to the Movies
Tipping a waitress
500
What is one modern mode of payment that exists today.
BitCoin
PayPal
Venmo
500
Is this person a consumer, a producer, and/or a vendor?
Lindsey buys jackets at Target. Then, she customizes them and sells them to people on Etsy.
Consumer and Producer.
500
How much did a loaf of bread cost in the 1970's?
$0.25
500
Hair Curlers