Community Economics Quiz 2

People in a community earn money by working at different ______.

• outside

• jobs

• homes

• schools

Earning money helps you pay for things that you need to __________

• survive

• really have

• play with

This is an item you can purchase.

• good

• service

This is an action someone does.

• good

• service

If many people want an item, the price goes up. This is called _________.

• High demand

• Low demand

If few people want an item, the price goes down or on sale.  This is called ___________

• High demand

• Low demand

Goods and services are always free.

• True

• False

A consumer is someone who ___________.

• buys and uses goods and services.

• uses different goods.

A producer is someone who _______.

• buys goods.

• makes goods for people to buy.

How can people be responsible about their money?

• By spending all of their money.

• by saving all of their money.

• By saving and spending some of their money.