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Goods, Services, Consumers, Producers, etc. Flashcards | StudBud

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Goods, Services, Consumers, Producers, etc.

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A #socialstudies quiz quiz about goods, services, consumers, producers, supply and demand.

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Questions 10

Answers

1
A ______ is a person who buys goods or services.
producer
consumer
services
goods
2
Supply is ...
something that people make or grow.
work that people do for other people.
how much of a good or service is available to buy.
how much of a good or service people want to buy.
3
Goods and services are produced by producers and bought by consumers. True or false?
True
False
4
A farmer is an example of a ______.
consumer
producer
goods
services
5
_____ is one example of a good.
Pizza
A person serving food
A man driving a bus
Teaching
6
Demand for burritos is low when _____.
when a lot of consumers want to buy burritos.
when there are not many burritos available to buy.
7
Someone who cuts hair is a person who provides a good. True or false?
True
False
8
A new version of a video game just came out. Not many people want to play the old one.
The price for the old one will go down.
The price for the old one will stay the same.
The price for the old one will go up.
9
What is demand?
how much of a good or service is available to buy.
how much of a good or service people want to buy.
work that people do for other people.
things that people make or grow.
10
Supply for skateboards is high when ___.
when there are a lot of skateboards available to buy.
when there are not many skateboards available to buy.