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Goods and Services
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Economics- trade, supply, demand, resources, producer and consumer for 2nd grade
Flashcards
13 cards
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Questions
13
Answers
1
Things that you must have to live are called ________?
tree
barter
supply
need
2
_________ ___________ are people who work to make goods and services.
Human Resources
Natural Resources
Capital resources
Renewable Resources
3
The work one person does for another is called a _______________?
supply
good
service
demand
4
Things that you would like to have but do not need are called a ________.
need
demand
want
supply
5
Who is a person that makes a product or provides a service?
consumer
shopper
person
producer
6
The amount of goods or services that people want and can buy is called?
demand
good
supply
cost
7
When goods and services are changed without money it is called?
supply
bartering
demand
trade
8
A _______ is a person who spends money to buy things they need or want.
shopper
dancer
producer
consumer
9
The material that come from nature, like wind and water are called?
natural resources
renewable resources
non renewable resources
capital resources
10
Goods made by people and used to make other good and services, like computers
human resources
non renewable resources
capital resource
natural resources
11
The amount of goods or services that people can sell is called?
flowers
demand
natural resources
supply
12
Things that people make or grow and then sell are called ____________?
services
goods
supply
producer
13
When a person gives something to some and then gets something else in return using money _____?
services
goods
trade
barter