Goods, Services, And Resources

10 Questions | By Gxenakis | Updated: Mar 21, 2022 | Attempts: 163

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Indicate whether an item is a good, service, capital resource, labor resource, or land resource.

Questions and Answers

1.

You go to Best Buy and purchase a flat screen TV. You are purchasing a:
- A.
  
  Good
- B.
  
  Service
2.

You walk down the street and decide to go into the barber shop to get a shape up. You are purchasing a:
- A.
  
  Good
- B.
  
  Service
3.

Your family is having a huge party this weekend. It is Friday and your house is still a mess. Your mom decides to hire a maid to come in to clean your home. You are purchasing a:
- A.
  
  Good
- B.
  
  Service
4.

You got $100 for your birthday. You decide to spend your money on a Yankees hat. You are purchasing a:
- A.
  
  Good
- B.
  
  Service
5.

You own a tattoo shop. In order to give people tattoos you need to have ink and a tattoo gun. The ink and tattoo gun are what type of resource?
- A.
  
  Land resource
- B.
  
  Labor resource
- C.
  
  Capital resource
6.

Your family owns a farm in upstate New York. The soil on your farm is very good for growing corn, tomatoes, and lettuce. The soil on your farm is what type of resource?
- A.
  
  Land resource
- B.
  
  Labor resource
- C.
  
  Capital resource
7.

You own a clothing store in Manhattan. Your two friends work for you checking people out. Your two friends who work for you are what type of resource?
- A.
  
  Land resource
- B.
  
  Labor resource
- C.
  
  Capital resource
8.

You love the new PSP slim. You decide to ask for it for your birthday. The PSP slim is a
- A.
  
  Want
- B.
  
  Need
9.

Your family needs to go to the grocery store to buy food to make breakfast, lunch, and dinner. Going to the grocery store to buy food is a
- A.
  
  Want
- B.
  
  Need
10.

You are a big NY Jets fan. You decide to buy tickets to see them play this next season. You are purchasing a:
- A.
  
  Good
- B.
  
  Service