Good and Services

What is an example of a consumer?

• a farmer who grows corn

• a person who buys books

• an artist who sells paintings

• a worker who fixes trucks

Doctor, writer, and teacher are all PROFESSIONS. What is a PROFESSION?

• a job

• a good

• a need

• a law

Grandpop wants to buy a new camera. What should he do?

• Look at a few stores and compare prices.

• Run to the closest store and buy a camera.

• Buy the camera with the highest price.

• Get the camera that look the prettiest.

Which provides both goods and services?

• A babysitter

• A bus driver

• A post office

• A family

Which happens LAST?

• Very few people buy the notebooks.

• The store lowers the prices of notebooks.

• Customers start buying more notebooks.

• A store gets a large supply of notebooks.

Who makes or grows goods or offer services?

• producers

• consumers

• demanders

• resources

At the market, Moby buys apples that have been grown locally. Where do you think the apples were grown?

• in a different state

• In another country

• Under the ground

• Near this community

Moby and Mia decide to BARTER. Mia will make Moby a snack. In return, Moby will wash the dishes for Mia. What does BARTER mean?

• To become good friends.

• To disagree or argue.

• To buy goods or services.

• To trade goods or services.

A toy store has a large supply of blocks and wants to sell more of them. How can the store sell more blocks?

• Throw out the supply of blocks.

• Stop advertising the blocks.

• Lower the prices of the blocks.

• Raise the prices of the blocks.

Which happens FIRST?

• Cotton goes to a mill to be turned into fabric.

• Shirts get sent to stores and sold to customers.

• Farmers grow and harvest cotton plants.

• Fabric goes to a factory to be turned into shirts.