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First Grade Economics Flashcards | StudBud
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First Grade Economics
First Grade Economics
19 terms
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A #firstgrade #economics game to use before our test.
Flashcards
19 cards
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Practice quiz
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Questions
19
Answers
1
Tina loves to buy shoes. Sam makes shoes in a factory. Who is the consumer?
Sam
Tina
2
What are services?
Items you can buy and use up. Usually bought in a store.
Things that people do for you.
3
What does it mean to
spend
money.
You keep your money and do not buy anything.
You use you money to buy wants and needs.
4
Carl is a doctor. He helps sick kids. Carl is giving Sara a checkup. Whos is the producer?
Carl
Sara
5
Carl is a doctor. He helps sick kids. Carl is giving Sara a checkup. Whos is the consumer?
Sara
Carl
6
Why do people have jobs?
To earn income.
To have fun.
To spend money.
To make friends.
7
Is this a good or service? Babysitter
Good
Service
8
Tina loves to buy shoes. Sam makes shoes in a factory. Who is the producer?
Sam
Tina
9
What are
natural resources
?
Items you find in nature.
Items you buy in a store.
Things that people make.
Things you sell.
10
Is this a good or service? A Tire
Service
Good
11
Is this a good or service? Chef
Service
Good
12
How much a certain item is wanted is called.....
supply
demand
13
Which of these is not a natural resource?
water
candy
trees
minerals
14
What are goods?
Items you can buy and use up. Usually bought in a store.
Things people do for you.
15
What is income?
Money you win from a lottery ticket.
Money you earn by doing a job.
Money you find on the ground
Money that you get for your birthday.
16
What does it mean to
save
money.
You keep your money and do not buy anything.
You use your money to buy your wants and needs.
17
Is this a good or service? Computer
Good
Service
18
The amount of an item a store has for sell is called......
Supply
Demand
19
What does it mean to
earn
something?
You work hard for it.
You find it.
Someone gives it to you.
You buy it at the store.
