Goods and Services Quiz

Kindergarten · Social Studies · Quiz

Test your knowledge of goods and services!

Questions

Which of these is a good?
1. Teaching
2. A toy
3. A haircut
4. Delivering mail
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Answer: A toy
A toy is a physical item you can touch and buy, making it a good.
A service is work that people do to help others.
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Answer: True
Services are actions or work performed by one person to help another.
What do we use to buy goods and services?
1. Toys
2. Books
3. Money
4. Food
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Answer: Money
Money is the medium of exchange used to purchase goods and services.
A person who makes or grows goods is called a ___.
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Answer: producer
Producers create or grow the goods that consumers buy.
You can hold a service in your hands.
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Answer: False
Services are actions, not objects — you cannot touch or hold them.
Which is an example of a service?
1. A sandwich
2. A pair of shoes
3. A doctor's visit
4. A book
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Answer: A doctor's visit
A doctor's visit is a service — the doctor provides medical care for payment.
A consumer is someone who buys goods or uses services.
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Answer: True
Consumers are people who purchase or use goods and services in the economy.
Trading goods without using money is called:
1. Shopping
2. Bartering
3. Saving
4. Earning
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Answer: Bartering
Bartering is the ancient practice of exchanging goods or services directly without using money.
A ___ is a person who buys and uses goods or services.
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Answer: consumer
Consumers buy and use the goods and services that producers provide.
A bicycle is an example of a good.
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Answer: True
A bicycle is a physical item you can touch and ride — it is a good.

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