Students identify and correct errors about goods, services, producers, and consumers. Part A fixes three sentences that mislabel a haircut as a good, call a producer a consumer, and mistake a toy for a service. Part B has four fill-in-the-blank questions about what a good is, what a consumer does, and examples of needs. Part C has three true-or-false statements about a bicycle, wants, and a doctor.
Correcting mislabeled examples solidifies the good/service and producer/consumer distinctions.
Style:
Economics Basics
Part A: Fix the Sentence
Each sentence has an error. Rewrite it correctly on the line.
1. Fix the sentence:
A haircut is a good because you can hold it in your hands.
Rewrite: A haircut is a service because someone does work for you.
2. Fix the sentence:
A consumer is someone who makes products to sell at a store.
Rewrite: A producer is someone who makes products to sell at a store.
3. Fix the sentence:
A toy is a service because it is something you can buy and keep.
Rewrite: A toy is a good because it is something you can buy and keep.
Part B: Fill in the Blank
Write the missing word or number on each line.
1. Something you can touch and buy at a store is called a good.
2. A person who buys goods or services is called a consumer.
3. Food, clothing, and water are examples of needs we all need.
4. A person who grows vegetables to sell at the market is a producer.
Part C: True or False?
Read each statement. Circle True or False.
1. A bicycle is an example of a good.
True False
2. A want is something you must have to survive.
True False
3. A doctor provides a service when helping a sick patient.
True False
Economics Basics
★ Part A: Fix the Sentence
Each sentence has an error. Rewrite it correctly on the line.
1) Fix the sentence:
A haircut is a good because you can hold it in your hands.
Rewrite: A haircut is a service because someone does work for you.
2) Fix the sentence:
A consumer is someone who makes products to sell at a store.
Rewrite: A producer is someone who makes products to sell at a store.
3) Fix the sentence:
A toy is a service because it is something you can buy and keep.
Rewrite: A toy is a good because it is something you can buy and keep.
★ Part B: Fill in the Blank
Write the missing word or number on each line.
1) Something you can touch and buy at a store is called a good.
2) A person who buys goods or services is called a consumer.
3) Food, clothing, and water are examples of needs we all need.
4) A person who grows vegetables to sell at the market is a producer.
★ Part C: True or False?
Read each statement. Circle True or False.
1) A bicycle is an example of a good.
True
False
2) A want is something you must have to survive.
True
False
3) A doctor provides a service when helping a sick patient.
True
False
Ready to Practice?
Complete each section carefully.
10 Questions
15-20 minutes
Auto-graded
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