Introduction to Economics Answers

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Which statements accurately describe the roles of producers and consumers? Check all that apply.Producers make and sell things.Consumers buy goods and services.Producers buy goods and services.Consumers make and sell things.Producers provide services to consumers.Consumers provide capital to producers.

Which statements accurately show the concept of scarcity? Check all that apply.There is a drought in the middle of growing season that has affected corn crops.An individual is not able to purchase a newly released video because of limited supplyA family is selling apples they have grown on their farm because they have too many to eat themselves.An individual wants to buy a new car because his is old.An individual decides that she needs to obtain a second job to save money to purchase a house.

Let's brainstorm some ideas you can include in your paragraph. Which of these consumer activities did you participate in this week?bought music or booksshopped for groceriesshopped onlinebought coffeebought gas for a car

Which of these producer activities did you participate in this week? Check all that apply.I served people at a restaurant, hotel, coffee shop, or other business.I worked in a bank, library, or retail store.I created art to be sold in an art showI made a product.I did yard work or other chores for pay.

What did you include in your paragraph? Check all that apply.