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

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