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LESSON: PIGS GO TO MARKET
Lesson Summary
Mrs. Pig
and her family go to the supermarket to purchase Halloween candy for the
party. Luckily, Mrs. Pig was awarded a five-minute shopping spree and
could purchase a variety of goods.
Concept: Goods and Services
Definition: A good is an object people want
that they can touch or hold. A service is an action that a
person does for someone else.
Comprehension Questions
Describe the economic wants of Mrs. Pig
as she went to the store. She wanted Halloween candy for the party
she was having.
Was her
want a good or a service? A Good
What
other goods did she want when she was given a free shopping
spree? She picked many canned goods and vegetables in addition to
the large amount of candy.
Explain
why even the shopping spree couldn't satisfy all her wants. Her
family ate all the candy on the car ride home and didn't have
any left for the party.
Other Concepts: Economic
Wants, Scarcity, Producers, Consumers, Market |