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Economicstestandbonusstudyguide
Economicstestandbonusstudyguide
a.an iphone
b.shelter
c.homework
13.An example of a want is
a.an iphone
b.shelter
c.homework
14.Explain the difference between a need and a
want.
Study Guide
Economics
A good is something that you buy.
(You should know examples of goods: toys,
food, books, etc.)
A service is something that someone
does for you. (You should know examples
of services: waitress, manicurist, doctor,
etc.)
People who sell goods and services
are producers.