Economics Practice 8: Producers and Consumers Exercise

Economics Practice 8: Producers and Consumers

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Economics Practice 8: Producers and Consumers

Learn the roles of producers who create goods and services and consumers who use them.

Questions

  1. MultiChoice

    Who is a producer?

  2. MultiChoice

    Who is a consumer?

  3. WordsBox

    A farmer is a ____ while a person buying food is a ____

  4. MultiChoice

    Can a single person be BOTH a producer and a consumer?

  5. MultiChoice

    Which person is acting as a producer?

  6. MultiChoice

    Which person is acting as a consumer?

  7. WordsBox

    Producers make goods to earn an ____ and consumers buy goods to satisfy ____

  8. MultiChoice

    What do producers need in order to make goods?

  9. MultiChoice

    If a baker bakes cookies and sells them to a student, who is the consumer?

  10. WordsBox

    A shoemaker is a ____ who creates ____ for buyers.

  11. MultiChoice

    Why do producers pay attention to what consumers want?

  12. MultiChoice

    When you buy a comic book with your allowance, what role are you playing?