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