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Goods and Services

Goods and Services

Assessment

Presentation

Social Studies

1st - 2nd Grade

Practice Problem

Easy

Created by

Margaret Ward

Used 434+ times

FREE Resource

2 Slides • 19 Questions

1

Goods, Services, Supply and Demand

by Margaret Ward

2

​Objective

​Students will identify the differences in goods and services.

​Students will identify the differences in supply and demand.

​Students will become familiar with economic terminology and meaning.

​Students will understand the effect supply and demand have on prices.

3

Multiple Choice

Question image
Doctor: Goods or Service?
1
Goods
2
Service

4

Multiple Choice

Question image
iPhone: Goods or Service?
1
Goods
2
Service

5

Multiple Choice

You pay your sister $5 to clean your messy bedroom.
1
Good
2
Service

6

Multiple Choice

You buy a book from a garage sale.
1
Good
2
Service

7

Multiple Choice

Which is an example of a service?
1
book
2
police officer
3
chair
4
backpack

8

Multiple Choice

Which is an example of a good?
1
nurse
2
mechanic
3
basketball
4
cook

9

Multiple Choice

Question image
Does this person provide a good or a service?
1
good
2
service

10

Multiple Choice

Question image
1
good
2
service

11

Multiple Choice

Question image
1
good
2
service

12

Multiple Choice

Question image
Does this person provide a good or a service?
1
good
2
service

13

Multiple Choice

True or False: A service is something that someone else does for you, or provides you.
1
true
2
false

14

Multiple Choice

Question image
Does this person provide a good or a service?
1
good
2
service

15

Multiple Choice

Question image
1
good
2
service

16

Multiple Choice

Economics is the study of

1

apples and oranges.

2

how resources are made, used, traded, bought, or sold.

3

scholar's achievements.

4

animals.

17

Multiple Choice

A consumer is

1

an actor from Mars

2

a driver for NASCAR

3

a zookeeper

4

a buyer who buys a good or service

18

Multiple Choice

Scarcity is

1

having enough supply to meet the demand of the people.

2

having too much money.

3

not having enough supply to meet the demand of the people.

4

a popular dance on TikTok.

19

Multiple Choice

Demand is

1

how much consumers want a good or service.

2

giving orders.

3

singing in the rain.

4

riding on a cruise ship.

20

Multiple Choice

What is supply?

1

the amount of goods and services provided

2

a game

3

Christmas gift

4

something you cook

21

Draw

Which is high supply or demand?

Goods, Services, Supply and Demand

by Margaret Ward

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