Goods and Services

Work that someone does for you is called a _______.

• service

• product

• tool

• resource

Most people in the United States ______ the things they want and need.

• buy

• draw

• throw

• hide

Standing in line for something is an example of _________

• first come, first served

• last come, first served

• random selection

• by invitation only

A toy is a service.

• True

• False

The person who cuts your hair is doing a service for you.

• True

• False

A book is a good.

• True

• False

When a product is taken off of the shelf because only a few people buy it that is called majority rule.

• True

• False

When you volunteer to help people in need you are _______.

• sharing

• ignoring

• complaining

• judging

People who buy goods and services are ________.

• consumers

• producers

• investors

• manufacturers

Guessing the number of marbles in a jar is an example of a ________.

• contest

• experiment

• game

• survey