Producing and Consuming Goods

Who are considered "consumers"?

• People who produce goods

• People who sell services

• People who buy or use goods and services

• Machines that consume energy

What does "specialization" mean in the context of work?

• Doing a variety of different jobs

• Choosing to produce certain goods or services and buy other goods or services

• Working only in large companies

• Avoiding any kind of work

The system of producing and consuming goods is...

• giving away

• economy

• stealing

A skateboard is a _________.

• service

• good

My clothes are ____________

• Goods

• Services

My eraser is a _______.

• service

• good

A television is a ______.

• service

• good

What is the primary role of a producer in the economy?

• To consume goods and services

• To create and supply goods and services

• To regulate the market

• To provide financial advice

Which of the following is an example of a 'good'?

• Teaching

• Consulting

• A smartphone

• Banking

In the sentence 'The company produces high-quality goods,' what part of speech is 'produces'?

• Noun

• Adjective

• Verb

• Adverb