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ESL 1 Economics Vocabulary
Test Description: ESL 1 Economics Vocabulary goods, services, needs, wants, producer, consumer
Instructions: Answer all questions to get your test result.
1) Which is an example of a need?
A
pencil
B
book
C
food
D
phone
2) What is an example of a want?
A
food
B
cell phone
C
water
D
house (shelter)
3) What is an example of a good?
A
teacher
B
doctor
C
chef
D
pencil
4) What is an example of service?
A
doctor
B
chair
C
table
D
pencil
5) someone who makes goods or provides services
A
producer
B
consumer
C
needs
D
wants
6) someone who buys and uses goods and services
A
needs
B
producer
C
consumer
D
services
7) something you have to have to survive (live)
A
want
B
consumer
C
economy
D
need
8) something you would like to have but do not need
A
consumer
B
need
C
want
D
producer
9) Something a person does for someone else, an activity that fulfills a need or want
A
goods
B
service
C
consumption
D
needs
10) something someone makes, buys or uses
A
service
B
goods
C
need
D
consumption
*select an answer for all questions
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