Economic Choices — Answer Key
Part A: Sort the Words
Sort each word or number into the correct category box.
1. Sort each item as a GOOD or a SERVICE.
Good
appleshirtbook Service
doctor visitteacher lessonhaircut Goods are things you can touch, like apples, shirts, and books. Services are helpful jobs, like a doctor visit, a teacher lesson, or a haircut.
Part B: Fill in the Blank
Write the missing word or number on each line.
1. Things we can touch and buy are called goods.
Goods are real objects, like apples, shoes, or toys, that people can touch, carry, and own after they buy them.
2. Helpful jobs that people do for others are called services.
Services are actions, like teaching, cutting hair, or fixing cars, that people do to help others and earn money.
3. A dentist checks your teeth and keeps your smile healthy.
A dentist gives a service by cleaning teeth and helping you keep a strong, healthy smile as you grow.
4. A red apple from the store is a good.
An apple is a good because it is a real thing you can touch, buy, and take home from the store.
5. A teacher helps children learn reading and math at school.
A teacher provides a service by teaching lessons that help children learn new skills and ideas every day.
Part C: True or False?
Read each statement. Circle True or False.
1. A haircut is a service because it is a job someone does.
True False
A haircut is a service. The barber uses skill to help you, and you cannot hold a haircut in your hand.
2. A book is a service, not a good.
True False
A book is a good because it is a real object that you can pick up, carry, and own after you buy it.
3. A doctor gives a service by helping sick people feel better.
True False
A doctor gives a service. They use their training to check, help, and care for people who are not well.
4. Shoes are a service that you wear on your feet.
True False
Shoes are goods, not services. They are real things you can touch, buy at a store, and wear every day.