Producers and Consumers: Key Concepts in Economics

What do people sell to earn money?

• Stocks and bonds

• Goods and services

• Real estate

• Cryptocurrencies

Who is considered a producer in the given example?

• A teacher

• A librarian

• A baker

• A student

What do consumers do with their money?

• Save it only

• Invest it in stocks

• Buy goods and services

• Donate it all

How can children act as producers?

• By doing homework

• By playing games

• By selling lemonade

• By watching TV

What might a child do with money earned from a yard sale?

• Buy a new toy

• All of the above

• Put it in a savings account

• Buy a video game

Where can teachers find more resources from Teaching Without Frills?

• None of the above

• School textbooks

• Local library

• Instagram and Facebook

What is the main topic of the video series mentioned?

• Science for Kids

• Economics for Kids

• History for Kids

• Geography for Kids