Economy and Consumer Choices
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Questions and Answers

What are goods?

  • Things other people do for you, like getting a haircut or going to the doctor
  • Things you must have to survive, like food, clothes, and a place to live
  • Actual things you can buy and touch, like toys, clothes, or your favorite snacks (correct)
  • Things you would like to have but can do without, like a skateboard or a trip to Disney World
  • What defines a consumer?

  • A person or a company who makes a good or service to sell to others
  • A person who bakes delicious cookies
  • A person who chooses between two things they want
  • A person or a company who pays for a good or service (correct)
  • What are needs?

  • Actual things you can buy and touch, like toys, clothes, or your favorite snacks
  • Things you would like to have but can do without, like a skateboard or a trip to Disney World
  • Things you must have to survive, like food, clothes, and a place to live (correct)
  • Things other people do for you, like getting a haircut or going to the doctor
  • What are services?

    <p>Things other people do for you, like getting a haircut or going to the doctor</p> Signup and view all the answers

    What do producers do?

    <p>Make a good or service to sell to others</p> Signup and view all the answers

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