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2nd Grade Economics Flashcards | StudBud

Explore/2nd Grade Economics

2nd Grade Economics

10 terms·StudBud Administration·2,751 plays

A #2ndgrade #economics quiz for pre-assessment.

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Questions 10

Answers

1
Supply is...
Producers supply goods and services.
objects that person wants that they can touch or hold.
Consumers demand goods and services.
are actions that someone does for someone else
2
Who is the producer of this crayon?
The Crayola Factory
The Teddy Bear Factory
The Chocolate Factory
The Cafeteria
3
Demand is...
Consumers demand goods and services.
are actions that someone does for someone else.
Producers supply goods and services.
are objects that person wants that they can touch or hold.
4
Profit is...
Consumers demand goods and services.
the difference in the money made and the cost of product
are actions that someone does for someone else
is what people pay when they receive a good or service
5
Services are...
something a person can touch or hold
something someone does for someone else
Someone who buys goods or services
Someone who makes goods or provides services
6
A Consumer is...
A person who makes dresses
A person who mows someone's lawn
A person who buys goods and services
A person who provides goods and services
7
A Producer is...
Someone who makes goods or provides services
Someone buying a dress
Someone who buys goods or services
A customer at a store
8
Is this image an example of a good or a service?
Good
Service
9
Goods are...
Someone who buys goods or services
actions that someone does for someone else
Someone who makes goods or provides services
Objects a person can touch or hold
10
Price is...
The people who work to produce goods and services
the difference in money made and the costs of the product
what people pay when they receive a good or service
Producers supply goods and services.