Goods and Services
Items made or grown to be sold in Hartland are called:
Goods!
Food, shelter, and clothes are all examples of:
Needs
Bill wants the new video game. He goes to Target but they are all sold out. This is an example of:
Scarcity
A person who buys goods is called:
An example of a service NOT provided in Hartland is:
A. teacher B. fireman C. policeman D. cab driver
D. Cab driver
Is a video game a want or a need?
want!
You want to buy your friend a toy and a DVD but you can't afford both. Not buying the DVD is called:
A. Choice B. Service C. Shelter D. Opportunity Cost
Opportunity Cost
A person who buys a service is called:
An example of a service is:
Answers will vary!
Video games, toys, and jewelry are wants or needs?
Wants.
Michigan cherries are sold in Florida and oranges from Florida are sold in Michigan. This is an example of...
A. Choice B. Service C. Shelter D. Trade
Trade!
A person who makes goods is called:
producer
A job someone does to help others is:
A service!
Is a remote control boat a want or a need?
A want
Ms. K went to the store to buy food and toys. She picked out a doll and some chicken but didn't have enough money to buy both. Which should she buy?
Food/Chicken because it is a need. A doll is a want.
An example of a producer in HARTLAND is:
A. CVS B. Spicer's C. Bank D. Target
Spicer's
Is getting a haircut a good or a service?
Service
If you can't afford two things and one is a want and one is a need, which should you buy?
The need!
Meijer was out of toilet paper! This is an example of:
scarcity!
What do consumers use to buy goods and services?
Money