Economics Question Preview (ID: 55872)
Review Of Economics Unit.
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What are Goods?
a) Things you pay others to do
b) Things you buy
c) Money
d) Trade
What are Services?
a) Things you buy
b) rocks
c) Things you pay people to do
d)
What is NOT an example of a good?
a) Xbox
b) cutting hair
c) toys
d) clothes
Which is NOT an example of a service?
a) waitress
b) plumber
c) mail man
d) food
What does a producer do?
a) Makes things
b) Buys things
c) Get's money
d) Eat's food
What is something consumers do?
a) Makes pizza
b) Builds a fence
c) Eat pizza
d) Babysits
What is bartering?
a) Paying for needs and wants
b) Making what you need and want
c) Taking what you need and want
d) Trading to get needs and wats
How do most people get what they need today?
a) Barter
b) Paying with money
c) Get everything for free
d)
What is NOT a need?
a) Food
b) Shelter
c) Candy
d) Shorts
How do people decide what things they buy?
a) They choose what is the cheapest.
b) They choose what they need the most.
c) The choose what is the most fun.
d) They choose what is the coolest.
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