Goods & Services / Supply & Demand / Product & Productivity

A good is something that _____________.

• you can use

• you can touch

• satisfies wants

• all of the above

A service is _______________.

• a job you do for others paid for by a consumer
  all of the above

• paid for by a consumer

• satisfies wants

• all of the above

Consumers use _______________ to buy goods and services.

• Producers

• Money

• Banks

• Investors

Producers use _______________ to make goods and services.

• Consumers

• Money

• Resources

• Market

TRUE / FALSE: Everything we purchase to satisfy our wants is either a good or a service.

• True

• False

People who satisfy wants by buying and using goods and services are called ______.

• Consumers

• Human Resources

• Producers

• Natural Resources

Consumers use money to purchase goods and services from _____________.

• Consumers

• Human Resources

• Producers

• Natural Resources

People who make goods and provide services are called _____________.

• Consumers

• Human Resources

• Prodcuers

• Natural Resources

People who are producers _____________. (Check all that apply)

• Sell goods and services

• Use goods and services

• Make goods and services

Producers use resources to make goods and services for _____________.

• Consumers

• Human Resources

• Producers

• Natural Resources