Understanding Goods and Services

Which of the following is the best definition of "goods"?

• Things you can touch and buy, like toys or books

• Things people do for you, like teaching or cleaning

• Places you can visit, like parks

• Rules you follow at school

Which of these is an example of a service?

• A new backpack

• A haircut at the salon

• A chocolate bar

• A toy car

What is the main difference between goods and services?

• Goods are always free, services cost money

• Goods are things you can touch, services are actions people do for you

• Goods are only for adults, services are for kids

• Goods are made of paper, services are made of wood

Which of the following is NOT a good?

• A sandwich

• A book

• A bus ride

• A pencil

If you go to a restaurant and someone cooks food for you, what are you receiving?

• Only a good

• Only a service

• Both a good and a service

• Neither a good nor a service

Which of these situations shows someone providing a service?

• Maria sells apples at the market

• Tom paints his friend's house

• Lily buys a new dress

• Ben eats a sandwich

You want to buy a birthday gift for your friend. Which of these is a good?

• A music lesson

• A toy robot

• A car wash

• A haircut

If your teacher helps you learn math, what is she providing?

• A good

• A service

• A toy

• A snack

Imagine you are opening a store. You want to sell both goods and services. Which two could you offer?

• Books and story reading sessions

• Sandwiches and apples

• Haircuts and car washes

• Drawing pictures and singing songs

A family is planning a party. They buy balloons and hire someone to decorate. Which is the good and which is the service?

• Balloons are the service, decorating is the good

• Balloons are the good, decorating is the service

• Both are goods

• Both are services