Economic Choices — Answer Key
Part A: Fill in the Blank
Write the missing word or number on each line.
1. To produce means to make, grow, or build something that others can use.
When we produce, we create something new, like food, clothes, or toys, that other people can buy, use, or enjoy.
2. To consume means to use or buy what other people have made.
When we consume, we use goods or services, like eating an apple or getting a haircut, that producers have provided.
3. A gardener plants seeds and takes care of flowers in a garden.
A gardener is a producer because they grow flowers and plants that people can see, smell, or buy for their homes.
4. A chef cooks meals in a restaurant for hungry people.
A chef is a producer. They cook food in restaurants so that customers, who are consumers, can enjoy a nice meal.
5. A builder uses wood and nails to build new houses.
A builder is a producer who makes houses and buildings that families can live in, work in, or visit every day.
6. An artist uses paint and brushes to make beautiful pictures.
An artist is a producer who makes paintings or drawings that consumers can buy, hang up, or enjoy in a museum.
7. A person who pays for a meal at a restaurant is a consumer.
When you pay for and eat a meal, you are a consumer, because you are using the service the chef gave you.
8. A baker who goes home and eats dinner becomes a consumer too.
People can be producers and consumers at different times. At work they produce, and at home they consume like everyone.
9. A gardener selling fresh flowers at a market is acting as a producer.
The gardener grew the flowers, so they are a producer. The people who buy the flowers are the consumers.
Part B: Matching
Match each item on the left to the correct answer on the right.
1. Match each item to its correct answer.
gardener
→ flowers
flowers
chef
→ cooked meals
cooked meals
builder
→ houses
houses
artist
→ paintings
paintings
Gardeners grow flowers, chefs cook meals, builders make houses, and artists create paintings. Each person is a producer of a different good or service.