stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Economics and Financial Literacy Flashcards | StudBud
Explore
/
Economics and Financial Literacy
This picture shows a
What is a job you pay someone else to do?
Economics and Financial Literacy
20 terms
·
StudBud Administration
·
131 plays
Imported from external platform
Flashcards
20 cards
F
Practice quiz
P
Host live
L
Questions
20
Answers
1
What is a job you pay someone else to do?
community
good
interest
service
2
This picture shows a
producer
interest
consumer
spender
3
A good business owner must be
over 30 years old
resilient
lazy
carefree
4
Lawyers, cooks, and pet sitters all provide
goods
community
interest
services
5
The person who makes the good or provides the service is called the
producer
spender
banker
consumer
6
Supply is
something that people make or grow
how much of a good or service want to buy
how much of a good or service is available to buy
work that people do for other people
7
Which of the following is a good?
teacher
doctor
custodian
book
8
Which of the following is an example of a service?
a large ice cream sundae
a mechanic fixing a broken car
a kitchen table and chair set
a small cheese pizza
9
Which of these is a want?
water
food
shelter
smartphone
10
Clothes, umbrellas, and computers are all
interest
goods
services
community
11
_________ are people who have special skills or training and knowledge for a certain type of job.
Toddlers
Skilled workers
Preteens
Unskilled workers
12
Which of these is a need?
new jeans
clean air
your favorite candy
cool shoes
13
The person who buys the good or service is called the
consumer
banker
producer
spender
14
Money the bank pays to someone for depositing their money into a bank is called
interest
borrowing
loans
deposit
15
When people put money into the bank, it is called a
loans
interest
borrowing
deposit
16
What is demand?
how much of a good or service is available to buy
work that people do for other people
things that people make or grow
how much of a good or service people want to buy
17
______ help people in communities by providing tools to help people manage their money.
Banks
Restaurants
Libraries
Stores
18
Banks provide ______ so that people can buy something today and pay the bank back over time.
loans
interest
refund
deposit
19
This picture shows a
producer
spender
consumer
interest
20
What is something that people want or need and can be held?
interest
good
service
community