SS Lesson 9 Quiz

People must make choices because of _____, or the idea that people want more things than they can have.

• economy

• goods

• market

• scarcity

Items that can be bought, sold, or traded are called

• economy

• goods

• market

• scarcity

___are tasks that you pay someone to do for you.

• economy

• services

• goods

• scarcity

The ____ is the system in which goods and services are bought and sold.

• economy

• market

• goods

• scarcity

A place where buyers and sellers come together is called a

• economy

• market

• goods

• scarcity

Why is this called a market?

• It is outdoors.

• It has a lot of fruit.

• It is interesting to visit.

• It brings buyers and sellers together.

Why is this place part of an economy?

• It has businesses.

• It has many people.

• It is run by farmers.

• It has common foods.

Which of these is the woman selling?

• buyers

• sellers

• goods

• services

The man is a part of the free market economy because he

• is providing a service.

• can only purchase fruit.

• is choosing what to buy.

• can buy everything in the market.

One Saturday morning, Lilian decided to walk down to the local farmers' market to buy some snacks. As she walked around the market, she noticed that one person was selling apples for $3 a bag. She noticed that another booth was selling popcorn for $4 a bag.

Lilian wanted to buy both the apples and popcorn. But she had only brought $5 with her to the market. She would have to make a choice. She thought about the options that she had. She knew that apples were the healthy choice. Lilian also knew that popcorn was a delicious snack. After spending time thinking over her options, Lilian decided to buy the bag of apples.

What is the choice that Lilian had to make?