The amount of something available to the consumer

Mia wants a new phone, but she needs a new notebook for class. What should she do?

Buy the notebook and put away money for the phone.

Someone who makes or grows goods

Which sentence is TRUE?

Communities help people meet their needs.

A special group that does good things for a community.

According to Annie and Moby, what are goods?

Things that people sell or buy that is grown or made.

A plan to save and spend money.

What does Donate mean?

To give money to people or groups.

studbud

Economics Basics

20 termsStudBud Administration10 plays

This will test your basic knowledge from BrainPopJr videos on Economics. This will cover vocabulary words like goods, services, wants and needs to spending and budgeting.

Flashcards20 cardsFPractice quizPHost liveL

Questions 20

Answers

1
How much consumers want something is called...
Budget
Demand
Supply
Donate
2
What does a food delivery driver and a police officer provide to their community?
Goods
A Demand
Supply
A Service
3
What is Supply?
The increase in the prices of goods and services over time.
The amount of something available to the consumer
Something people would like to have
How much consumers want something
4
Someone who buys goods or services is...
Producer
Inflation
Budget
Consumer
5
Mia wants a new phone, but she needs a new notebook for class. What should she do?
Buy the notebook and tell Moby to buy her the phone.
Buy the notebook and put away money for the phone.
Buy the phone and use Moby's notebook for a while.
Buy the phone and put away money for the notebook.
6
What is a producer?
Someone who makes or grows goods
The amount of something availble to the consumer
Things that people sell or buy that is grown or made
How much consumers want something
7
The increase in the prices of goods and services over time is called...
Allowance
Donate
Demand
Inflation
8
Which sentence is TRUE?
A consumer is someone who sells goods and services.
People need bikes and skateboards to live.
A want is something you must have to live.
Communities help people meet their needs.
9
Which is an example of a producer?
A person who buys groceries.
A person who buys coins
A student who buys books.
A farmer who grows vegetables.
10
What is a Charity?
Something people would like to have.
A plan to save and spend money.
A special group that does good things for a community.
A person who buys groceries.
11
Something people must have to live is called...
A need
A supply
A service
A want
12
A place or group that sells goods or offers services is called...
A Charity
A Business
A Service
A Producer
13
According to Annie and Moby, what are goods?
Work that someone does for someone else
Someone who buys goods or services.
How much consumers want something.
Things that people sell or buy that is grown or made.
14
What does Save mean?
A plan for spending money
To give money to people or groups
Things that people buy that is grown or made
To put away to use later
15
What is a Budget?
A person who offers a service.
A special group that does good things for a community.
A plan to save and spend money.
A place to keep money.
16
What is one way Syed can earn money?
He can read a book about jobs.
He can open a lemonade stand.
He can donate to a charity.
He can volunteer at the library.
17
Something people would like to have is...
A Need
A Service
A Want
A Demand
18
What do people need to live?
Food, Shelter, Computer, and Cell phones
Water, Air, Food and Shelter
Money, Cars, Clothes and Jewelry
Toys, Candy, Books and Bikes
19
What does Donate mean?
A place or group that sells goods or offers services.
Work that someone does for someone else
To give money to people or groups.
How much consumers want something.
20
A small amount of money you can earn from a parent or family member is called...
A Demand
Donate
Goods
An Allowance

Economics Basics Flashcards | StudBud