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Economy 2nd Grade Flashcards | StudBud
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Economy 2nd Grade
Economy 2nd Grade
17 terms
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#2ndgrade #economy
Flashcards
17 cards
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Practice quiz
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Questions
17
Answers
1
What is demand?
How much people want to buy it
How much of something is available
2
Which of the following is NOT an example of a good?
A car wash
Toys
Clothes
Food
3
Sarah is saving money for a new bike. Where would be the best place to keep her money safe?
On the floor
A shoebox
The bank
Under her mattress
4
Which of the following is a way to EARN money?
Selling lemonade at a lemonade stand
Putting money in your piggy bank
Donating money to a charity
Buying a new toy from Target
5
A good is...
how much it is wanted
a product that is made or grown
work someone does for others
how much is available
6
What is a consumer?
Someone who buys a good or service
Someone who provides a service or good
A person who sells something
7
A new doll just came out. No one is buying it. What might happen to the price of the doll?
The price of the doll would stay the same
The price of the doll would go up
The price of the doll would go down
8
Which of the following is a WANT?
Food
Water
Shelter
The newest video game
9
Which of these stores would provide you with a NEED?
Walmart
Game Stop
Toys R' Us
10
Which of the following is NOT an example of a service?
A haircutter
A toothbrush
A teacher
A doctor
11
Which of these stores would provide you with a WANT?
Food Lion
Walmart
A Toy Store
12
The newest video game just came out. EVERYONE wants to buy it. Which of the following is true?
The demand is very low
The video game is not that fun
The demand is very high
13
What is a producer?
Someone who provides a good or service
Someone who buys a good or service
Someone who produces a movie
Something you buy from a store
14
What is supply?
How much people want to buy it
How much of something is available
15
Which of the following is a NEED?
Gum
Food to eat
A fancy car
An iPad
16
A service is...
something that is made or grown
how much is available
how much is wanted
a job someone does to help other people
17
A new toy was coming out and all the kids wanted to buy it. How would this affect the price of the toy?
The price would go up
No one would buy the toy
The price would go down
The price would stay the same
