Students apply economics vocabulary to everyday situations and match items to categories. Part A has nine fill-in-the-blank problems about low supply, saving coins, and a dentist providing a service. Part B is a matching activity connecting a winter coat, a video game, a haircut, and clean water to want, need, service, and need categories.
Classifying a mix of goods, services, wants, and needs in one matching activity sharpens students' ability to apply all four concepts quickly.
Style:
Economics Basics
Part A: Fill in the Blank
Write the missing word or number on each line.
1. When a store runs out of an item, the supply is low.
2. Putting coins into a piggy bank is an example of saving.
3. A dentist who cleans your teeth provides a service.
4. If everyone wants the new toy, demand for it goes up.
5. A factory that makes pencils is a producer of goods.
6. The thing you give up when you choose something else is the opportunity cost.
7. A family that buys groceries at the store acts as consumers.
8. Toys and candy are examples of wants because you can live without them.
9. Using your allowance to buy a snack is called spending.
Part B: Matching
Match each item on the left to the correct answer on the right.
1. Match each item to its correct answer.
A warm winter coat.
→ Need (clothing)
Want
A new video game.
→ Want
Need (clothing)
A haircut at a salon.
→ Service
Need (water)
A glass of clean water.
→ Need (water)
Service
Economics Basics
★ Part A: Fill in the Blank
Write the missing word or number on each line.
1) When a store runs out of an item, the supply is low.
2) Putting coins into a piggy bank is an example of saving.
3) A dentist who cleans your teeth provides a service.
4) If everyone wants the new toy, demand for it goes up.
5) A factory that makes pencils is a producer of goods.
6) The thing you give up when you choose something else is the opportunity cost.
7) A family that buys groceries at the store acts as consumers.
8) Toys and candy are examples of wants because you can live without them.
9) Using your allowance to buy a snack is called spending.
★ Part B: Matching
Match each item on the left to the correct answer on the right.
1) Match each item to its correct answer.
A warm winter coat.
→ Need (clothing)
Want
A new video game.
→ Want
Need (clothing)
A haircut at a salon.
→ Service
Need (water)
A glass of clean water.
→ Need (water)
Service
Ready to Practice?
Complete each section carefully.
10 Questions
10-15 minutes
Auto-graded
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