Economics Worksheets - Free Printable
Educational worksheet: Economics Worksheets. Download and print for classroom or home learning activities.
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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 appears to be a worksheet titled "Goods and Services" designed to help students distinguish between goods (tangible items) and services (intangible actions or work performed by others).
Let me solve the worksheet for you based on the visible text.
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- Good: Something you buy and consume or use (e.g., food, clothes, toys).
- Service: Something someone does for you (e.g., fixing a car, cutting hair).
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1. You get your hair cut.
→ Service (A barber is doing work for you.)
2. You buy a book from a garage sale.
→ Good (You are buying a physical object.)
3. You buy your mother a flower from a flower shop.
→ Good (Flowers are tangible items.)
4. You hire someone to cut your lawn.
→ Service (Someone is performing work for you.)
5. You visit the doctor for a checkup.
→ Service (The doctor is providing medical care.)
6. You purchase a game to give as a birthday gift.
→ Good (The game is a physical item.)
7. You pay your sister $5 to clean your messy bedroom.
→ Service (She’s doing work for you.)
8. You buy an ice cream cone from an ice cream truck.
→ Good (Ice cream is a physical product.)
9. You take an airplane when you go on a trip.
→ Service (Flying is a transportation service — even though the plane is a good, the act of flying is a service.)
10. Your brother sells you his old baseball mitt for $5.
→ Good (The baseball mitt is a physical object being sold.)
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11. Give an example of someone purchasing a service.
→ *Example:* You go to a salon and pay a stylist to give you a haircut.
12. Give an example of someone purchasing a good.
→ *Example:* You buy a new pair of shoes at a store.
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| Scenario | Answer |
|--------|--------|
| 1. Haircut | Service |
| 2. Book | Good |
| 3. Flower | Good |
| 4. Lawn cutting | Service |
| 5. Doctor visit | Service |
| 6. Game | Good |
| 7. Cleaning | Service |
| 8. Ice cream | Good |
| 9. Airplane ride | Service |
| 10. Baseball mitt | Good |
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✔ Final Answers:
1. Service
2. Good
3. Good
4. Service
5. Service
6. Good
7. Service
8. Good
9. Service
10. Good
11. Example: Getting a haircut at a salon.
12. Example: Buying a soccer ball at a sporting goods store.
Let me know if you'd like this formatted for printing or need a version with explanations for younger learners!
Let me solve the worksheet for you based on the visible text.
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🔹 Definitions:
- Good: Something you buy and consume or use (e.g., food, clothes, toys).
- Service: Something someone does for you (e.g., fixing a car, cutting hair).
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✔ Task: Read each scenario and write "good" or "service" in the blank.
1. You get your hair cut.
→ Service (A barber is doing work for you.)
2. You buy a book from a garage sale.
→ Good (You are buying a physical object.)
3. You buy your mother a flower from a flower shop.
→ Good (Flowers are tangible items.)
4. You hire someone to cut your lawn.
→ Service (Someone is performing work for you.)
5. You visit the doctor for a checkup.
→ Service (The doctor is providing medical care.)
6. You purchase a game to give as a birthday gift.
→ Good (The game is a physical item.)
7. You pay your sister $5 to clean your messy bedroom.
→ Service (She’s doing work for you.)
8. You buy an ice cream cone from an ice cream truck.
→ Good (Ice cream is a physical product.)
9. You take an airplane when you go on a trip.
→ Service (Flying is a transportation service — even though the plane is a good, the act of flying is a service.)
10. Your brother sells you his old baseball mitt for $5.
→ Good (The baseball mitt is a physical object being sold.)
---
✔ Bonus Questions:
11. Give an example of someone purchasing a service.
→ *Example:* You go to a salon and pay a stylist to give you a haircut.
12. Give an example of someone purchasing a good.
→ *Example:* You buy a new pair of shoes at a store.
---
📝 Summary:
| Scenario | Answer |
|--------|--------|
| 1. Haircut | Service |
| 2. Book | Good |
| 3. Flower | Good |
| 4. Lawn cutting | Service |
| 5. Doctor visit | Service |
| 6. Game | Good |
| 7. Cleaning | Service |
| 8. Ice cream | Good |
| 9. Airplane ride | Service |
| 10. Baseball mitt | Good |
---
✔ Final Answers:
1. Service
2. Good
3. Good
4. Service
5. Service
6. Good
7. Service
8. Good
9. Service
10. Good
11. Example: Getting a haircut at a salon.
12. Example: Buying a soccer ball at a sporting goods store.
Let me know if you'd like this formatted for printing or need a version with explanations for younger learners!
Parent Tip: Review the logic above to help your child master the concept of free printable economics worksheet.