Chapter 5 Producers and Consumers

1. Chapter 5 Producers and Consumers

2. What does a producer do? Makes or sells goods and services Buys goods and services A: B: Builds factories Leads a country C: D:

3. A Makes or sells goods and services

4. What does a consumer do? Makes or sells goods and services Buys goods and services A: B: Builds factories Grows food C: D:

5. B Buys goods and services

6. What do you call the money that people earn? budget income A: B: trade occupation C: D:

7. B income

8. What happens to crops when there is not enough rain? They turn green. They get harvested. A: B: They grow better. They become scarce. C: D:

9. D They become scarce.

10. What do you call the exchanging of one thing to get another? transportation trade A: B: services manufacturing C: D:

11. B trade

12. _________ are products that can be bought or sold. goods bank A: B: down factory C: D:

13. A goods

14. The role of the producer is to provide goods and ___________. trade services A: B: up wants C: D:

15. B services

16. Machines that make goods are found in a ____________ bank factory A: B: free enterprise services C: D:

17. B factory

18. Children earning money by washing cars Is an example of __________________ Free enterprise trade A: B: goods services C: D:

19. A Free enterprise

20. Things people would like to have are ___________. goods services A: B: bank wants C: D:

21. D wants

22. When goods are scarce, the price goes ________. up down A: B: bank services C: D:

23. A up

24. When there is a lot of a good, the price goes ____________ down up A: B: wants goods C: D:

25. A down

26. A business that keeps money safe is called a ___________ trade Free enterprise factory bank A: B: C: D:

27. B bank

28. One country can _________ raw materials with another country. bank factory A: B: trade wants C: D:

29. C trade

30. True or False. The United States sends goods to other countries only by airplane. True False A: B: C: D:

31. B False

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