Chapter 5 Producers and Consumers A:B: Makes or sells goods and services Buys goods and services What does a producer do? C:D: Builds factoriesLeads.

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Presentation transcript:

Chapter 5 Producers and Consumers

A:B: Makes or sells goods and services Buys goods and services What does a producer do? C:D: Builds factoriesLeads a country

A Makes or sells goods and services

A:B: Makes or sells goods and services Buys goods and services What does a consumer do? C:D: Builds factoriesGrows food

B Buys goods and services

A:B: budgetincome What do you call the money that people earn? C:D: tradeoccupation

B income

A:B: They turn green.They get harvested. What happens to crops when there is not enough rain? C:D: They grow better.They become scarce.

D They become scarce.

A:B: transportationtrade What do you call the exchanging of one thing to get another? C:D: servicesmanufacturing

B trade

A:B: goodsbank _________ are products that can be bought or sold. C: D: downfactory

A goods

A:B: tradeservices The role of the producer is to provide goods and ___________. C:D: upwants

B services

A:B: bankfactory Machines that make goods are found in a ____________ C:D: free enterpriseservices

B factory

A:B: Free enterprisetrade Children earning money by washing cars Is an example of __________________ C:D: goodsservices

A Free enterprise

A:B: goodsservices Things people would like to have are ___________. C:D: bankwants

D wants

A:B: updown When goods are scarce, the price goes ________. C:D: bankservices

A up

A:B: downup When there is a lot of a good, the price goes ____________ C:D: wantsgoods

A down

A:B: factorybank A business that keeps money safe is called a ___________ tradeFree enterprise C:D:

B bank

A:B: bankfactory One country can _________ raw materials with another country. C:D: trade wants

C trade

A:B: TrueFalse True or False. The United States sends goods to other countries only by airplane. C:D:

B False

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