SS - Money Unit Review

______________________ is the cost of a good or service.

• bartering

• service

• price

Exchanging goods or services for other goods or services without the use of money is called _______________________.

• purchasing

• good

• bartering

Using money to get goods or services is called _______________________.

• purchasing

• service

• price

Something you buy to keep, eat, or use is a ________________________.

• good

• service

Something you pay someone to do for you is a ______________________.

• good

• service

Which of the following is an example of a market?

• People selling fish.

• Farmers growing crops.

• Carpenters building a house.

Which of these is the amount of resources available in a market?

• demand

• price

• supply

You go to 5 stores to buy a new video game. All of the stores have sold out. Which statement is probably true?

• Supply is high.

• Demand is low.

• Demand is high.

Only 200 people have said they will buy tickets to the football game. The team wants to sell 500 tickets. Which idea would best help the team sell more tickets?

• Raise the price of the tickets.

• Sell the tickets at a lower price.

• Make new, more colorful tickets.

What do you call activities that people do to help other people?

• goods

• products

• services