Producers, Consumers, and Resources

Producers, Consumers, and Resources

Assessment

Flashcard

English

1st Grade

Hard

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15 questions

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1.

FLASHCARD QUESTION

Front

What is demand?

Back

Demand is the desire for a product or service, indicating how much people want it.

2.

FLASHCARD QUESTION

Front

What is supply?

Back

Supply is the amount of a product or service that is available for people to buy.

3.

FLASHCARD QUESTION

Front

What is a producer?

Back

A producer is someone who makes or provides goods and services.

4.

FLASHCARD QUESTION

Front

What is a consumer?

Back

A consumer is someone who buys and uses goods and services.

5.

FLASHCARD QUESTION

Front

Can a person be both a producer and a consumer?

Back

Yes, a person can be both a producer and a consumer.

6.

FLASHCARD QUESTION

Front

What is a need?

Back

A need is something that is essential for survival, like food and water.

7.

FLASHCARD QUESTION

Front

What is a want?

Back

A want is something that is not essential but is desired, like toys or ice cream.

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