Economics-Second Grade

What are goods?

• Things that people grow and sell

• A dentist

• A firefighter

• A teacher

What is the study of economics?

• Learning about maps

• Learning about newspapers

• The way we use goods and money

• Learning about the past

A service is

• a problem

• a thing a person does for you

• a thing you can touch

• whether a thing is worth the price

When a people mow the lawn, they are

• giving you a good

• trading

• providing a service

The students make paper airplanes to sell. Paper airplanes are

• goods

• services

• money

• trades

A ______ makes goods

• producer

• services

• goods

• consumer

A ______is someone who buys and uses goods

• producer

• goods

• services

• consumer

Marcus wants to buy a dinosaur. It costs $20 but he only has $10. What should he do?

• Spend his money

• Save his money

Wants are

• things we need in order to survive.

• shelter

• things we don't need in order to survive

• water

Needs are

• things we need in order to survive

• Things we don't need in order to survive

• toys

• soda