Goods and Services
Which of the following is an example of a service?
A. Juice C. Haircut
B. Cough syrup D. Shirt
C. HAIRCUT
What are goods?
A. Services used by people
B. Products that can be bought or sold
C. Items that are free
D. Products made only by machines
B. PRODUCTS THAT CAN BE BOUGHT OR SOLD
How can we help the environment at school?
A. Recycle and reuse books
B. Use a lot of electricity
C. Waste paper
D. Leave taps running
A. RECYCLE AND REUSE BOOKS
What is a Co-operative?
A. A group of teachers
B. A private company
C. A group working together for a shared benefit
D. A government office
C. A GROUP WORKING TOGETHER FOR A SHARD BENEFIT
What is the main function of a bank when it receives deposits?
A. To spend money
B. To give interest and keep money safe
C. To lend money to friends
D. To print more money
B. TO GIVE INTEREST AND KEEP MONEY SAFE
What does advertising do?
A. Hides products
B. Stops people from buying
C. Makes people sleep
D. Helps people know products and buy
D. HELPS PEOPLE KNOW PRODUCTS AND BUY
What helps make goods and services?
A. Land, people, tools, and workers
B. School
C. Land
D. Games
A. LAND, PEOPLE, TOOLS AND WORKERS
What is one benefit of the Philosophy of Sufficiency of Economy?
A. Spend more money
B. Help the community be self-sufficient
C. Use more resources
D. Buy everything new
B. HELP THE COMMUNITY BE SELF-SUFFICIENT
What does a Co-operative in a school usually sell?
A. School supplies and snacks
B. Toys
C. Cars
D. Pets
A. SCHOOL SUPPLIES AND SNACKS
What does a withdrawal slip allow you to do?
A. Deposit money
B. Get a loan
C. Take money out of your bank account
D. Open a new account
C. TAKE MONEY OUT OF YOUR BANK ACCOUNT
Why do manufacturers want to reduce the cost of production?
A. To make more expensive goods
B. To gain higher profits
C. To sell fewer products
D. To hire more workers
B. TO GAIN HIGHER PROFITS
What do consumers with more money usually do?
A. Save all their money
B. Only buy necessary items
C. Spend more on goods and services
D. Avoid advertisements
C. SPEND MORE ON GOODS AND SERVICES
Why should you return library books on time?
A. They are expensive
B. The teacher said so
C. We don’t need to
D. They are not ours
D. THEY ARE NOT OURS
How do members of Co-operatives make decisions?
A. Only one person decides
B. By asking the government
C. By flipping a coin
D. By voting equally
D. BY VOTING EQUALLY
Which of these is a disadvantage of the legal loan system?
A. Lenders do not earn money
B. It has no paperwork
C. It’s difficult to get a loan without proof of money
D. Loans are always free
C. ITS DIFFICULT TO GET A LOAN WITHOUT PROOF OF MONEY
What kind of products do people like?
A. Bad and cheap C. Good and strong
B. Broken D. Old and dirty
C. GOOD AND STRONG
Who are 'operators' in the production process?
A. People who make the product
B. People who design goods
C. People who build machines
D. People who test products
A. PEOPLE WHO MAKE THE PRODUCT
What can families do with crops they grow at home?
A. Throw them away
B. Give them to their school
C. Sell them or use them for meals
D. Use them as decorations
C. SELL THEM OR USE THEM FOR MEALS
What is one advantage of a Co-operative?
A. Reduces costs and helps members
B. Fewer members
C. Higher costs
D. More middlemen
A. REDUCE COSTS AND HELPS MEMBERS
Who is the lender in a loan agreement?
A. The one who borrows money
B. The one who gives the money
C. The one who withdraws
D. The one who saves
B. THE ONE WHO GIVES THE MONEY
What does technology help with?
A. Play music C. Make goods faster and better
B. Make food taste better D. Build houses
C. MAKES GOODS FASTER AND BETTER
If two products are the same quality, which one do most consumers prefer?
A. The one with a higher price
B. The one with a brand name
C. The one made overseas
D. The one with a lower price
D. THE ONE WITH A LOWER PRICE
What does the "One Tambon One Product" policy promote?
A. Making and selling local products
B. Moving to another town
C. Shopping in the city
D. Growing food at home
A. MAKING AND SELLING LOCAL PRODUCTS
Which of these is not a Co-operative principle?
A. Membership
B. Control
C. Selfishness
D. Economic participation
C. SELFISHNESS
What is loan interest?
A. Money saved at the bank
B. A fee for opening a bank account
C. Extra money paid to you for saving
D. Extra money paid on a loan to the bank
D. EXTRA MONEY PAID ON A LOAN TO THE BANK