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Economics Basics Flashcards | StudBud

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Which is a service?

True or false: Shoes are a need

Economics Basics

17 terms·StudBud Administration·21 plays

Test your knowledge on needs, wants, goods, services, producers, and consumers in economics

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Questions 17

Answers

1
True or false: Shoes are a need
True
False
2
Which is a service?
Haircut
Shoes
Car
Apple
3
True or false: Goods are services
False
True
4
Who is a consumer?
Manufacturer
Seller
Producer
Buyer
5
True or false: A vacation is a need
False
True
6
Which is a good?
Car
Dance class
Haircut
Music lesson
7
Which is a want?
Clothing
Food
Movie ticket
Shelter
8
True or false: Producers buy goods
True
False
9
True or false: Consumers make goods
True
False
10
What is a service?
Haircut
Car
Apple
Shoes
11
What is a want?
Movie ticket
Shelter
Food
Clothing
12
True or false: Needs are essential
False
True
13
True or false: A car is a service
True
False
14
What do economies produce?
Both
Goods
None
Services
15
Who is a producer?
Seller
Customer
Consumer
Buyer
16
What is a need?
Skateboard
Movie ticket
Vacation
Food
17
Which is a need?
Vacation
Dance class
Skateboard
Food