ESL 1 Economics Vocabulary Question Preview (ID: 30274)


ESL 1 Economics Vocabulary Goods, Services, Needs, Wants, Producer, Consumer. TEACHERS: click here for quick copy question ID numbers.

someone who buys and uses goods and services
a) consumer
b) producer
c) needs
d) services

someone who makes goods or provides services
a) producer
b) consumer
c) needs
d) wants

What is an example of service?
a) doctor
b) pencil
c) chair
d) table

What is an example of a good?
a) pencil
b) teacher
c) doctor
d) chef

What is an example of a want?
a) cell phone
b) water
c) food
d) house (shelter)

Which is an example of a need?
a) food
b) phone
c) book
d) pencil

something you have to have to survive (live)
a) need
b) want
c) consumer
d) economy

something you would like to have but do not need
a) want
b) need
c) producer
d) consumer

Something a person does for someone else, an activity that fulfills a need or want
a) service
b) consumption
c) goods
d) needs

something someone makes, buys or uses
a) goods
b) service
c) need
d) consumption

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