Economics Worksheets - Free Printable
Educational worksheet: Economics Worksheets. Download and print for classroom or home learning activities.
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Show Answer Key & Explanations
Step-by-step solution for: Economics Worksheets
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Show Answer Key & Explanations
Step-by-step solution for: Economics Worksheets
Since I can't view or access images directly, I can't see the specific content of your uploaded image. However, based on the text you've provided, it looks like a worksheet titled "Goods and Services" from Super Teacher worksheets, designed to help students understand the difference between goods and services.
Let me walk you through how to solve this worksheet and explain the concepts.
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- Good: A tangible item that you can buy, touch, and keep (e.g., an apple, a book).
- Service: An intangible action or task performed by someone for you (e.g., getting a haircut, fixing a car).
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Here’s the list of scenarios with explanations:
1. You get your hair cut.
→ This is a service because someone (a barber or stylist) is doing work for you. You're not buying a physical object.
✔ Answer: service
2. You buy a book from a garage sale.
→ You’re purchasing a physical item (the book).
✔ Answer: good
3. You buy your mother a flower from a flower shop.
→ The flower is a physical item you can hold and take home.
✔ Answer: good
4. You hire someone to cut your lawn.
→ You’re paying for someone to perform a task (mowing). No physical product is bought.
✔ Answer: service
5. You visit the doctor for a checkup.
→ The doctor provides medical care — a service.
✔ Answer: service
6. You purchase a game to give as a birthday gift.
→ The game is a physical product (like a video game or board game).
✔ Answer: good
7. You pay your sister $5 to clean your messy bedroom.
→ You’re paying for a task (cleaning), which is a service.
✔ Answer: service
8. You buy an ice cream cone from an ice cream truck.
→ Ice cream is a physical food item you consume.
✔ Answer: good
9. You take an airplane when you go on a trip.
→ The flight is a transportation service. Even though you might buy a ticket, what you're actually receiving is a service (transportation).
✔ Answer: service
10. Your brother sells you his old baseball mitt for $5.
→ You are buying a physical object (the mitt).
✔ Answer: good
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11. Give an example of someone purchasing a service.
→ Example: *You go to a salon to get your nails done.*
→ Explanation: You're paying for someone to perform a task (manicure), not buying a physical item.
12. Give an example of someone purchasing a good.
→ Example: *You buy a new pair of shoes at the mall.*
→ Explanation: Shoes are physical items you can own and use.
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| Number | Answer |
|--------|------------|
| 1 | service |
| 2 | good |
| 3 | good |
| 4 | service |
| 5 | service |
| 6 | good |
| 7 | service |
| 8 | good |
| 9 | service |
| 10 | good |
11. Example: *You hire a plumber to fix your leaky faucet.*
12. Example: *You buy a new backpack for school.*
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Let me know if you'd like this formatted into a printable answer sheet or need help turning it into a classroom activity!
Let me walk you through how to solve this worksheet and explain the concepts.
---
🔍 Understanding the Concepts
- Good: A tangible item that you can buy, touch, and keep (e.g., an apple, a book).
- Service: An intangible action or task performed by someone for you (e.g., getting a haircut, fixing a car).
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✔ Let's Solve Each Scenario
Here’s the list of scenarios with explanations:
1. You get your hair cut.
→ This is a service because someone (a barber or stylist) is doing work for you. You're not buying a physical object.
✔ Answer: service
2. You buy a book from a garage sale.
→ You’re purchasing a physical item (the book).
✔ Answer: good
3. You buy your mother a flower from a flower shop.
→ The flower is a physical item you can hold and take home.
✔ Answer: good
4. You hire someone to cut your lawn.
→ You’re paying for someone to perform a task (mowing). No physical product is bought.
✔ Answer: service
5. You visit the doctor for a checkup.
→ The doctor provides medical care — a service.
✔ Answer: service
6. You purchase a game to give as a birthday gift.
→ The game is a physical product (like a video game or board game).
✔ Answer: good
7. You pay your sister $5 to clean your messy bedroom.
→ You’re paying for a task (cleaning), which is a service.
✔ Answer: service
8. You buy an ice cream cone from an ice cream truck.
→ Ice cream is a physical food item you consume.
✔ Answer: good
9. You take an airplane when you go on a trip.
→ The flight is a transportation service. Even though you might buy a ticket, what you're actually receiving is a service (transportation).
✔ Answer: service
10. Your brother sells you his old baseball mitt for $5.
→ You are buying a physical object (the mitt).
✔ Answer: good
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📝 Now, answer the final two questions:
11. Give an example of someone purchasing a service.
→ Example: *You go to a salon to get your nails done.*
→ Explanation: You're paying for someone to perform a task (manicure), not buying a physical item.
12. Give an example of someone purchasing a good.
→ Example: *You buy a new pair of shoes at the mall.*
→ Explanation: Shoes are physical items you can own and use.
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✔ Final Answers:
| Number | Answer |
|--------|------------|
| 1 | service |
| 2 | good |
| 3 | good |
| 4 | service |
| 5 | service |
| 6 | good |
| 7 | service |
| 8 | good |
| 9 | service |
| 10 | good |
11. Example: *You hire a plumber to fix your leaky faucet.*
12. Example: *You buy a new backpack for school.*
---
Let me know if you'd like this formatted into a printable answer sheet or need help turning it into a classroom activity!
Parent Tip: Review the logic above to help your child master the concept of basic economics worksheet.