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Roles of Consumers & Producers in a Resource Market

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Who is normally the producer in a resource market?

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1. What model is used to demonstrate markets and the flow of goods between firms and households?

2. Which is NOT an example of a resource supplied by a household?

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About This Quiz and Worksheet

Who are producers and consumers? What are their roles in a resource market? Check your understanding of producers and consumers with this five-question quiz.

Quiz and Worksheet

This quiz will test your knowledge of the following:

  • Who are the producers in a resource market
  • Who are the consumers in a resource market
  • What model demontrates how goods flow
  • Resources supplied by a household

Skills Practiced

This quiz and worksheet will test students on the following:

  • Reading comprehension - ensure that you draw the most important information from the related consumers and producers lesson
  • Knowledge application - use your knowledge to answer questions about what resources are not supplied by a household
  • Information recall - access the knowledge you've gained regarding the name of the market where households buy goods from firms

Additional Learning

If you want to know more about this topic, take a look at the accompanying lesson plan 'Role of Consumers and Producers in a Resource Market'. It will help you to:

  • Define resources and resource markets
  • Identify and differentiate between producers and consumers
  • Learn who controls many of the resources
  • See models of how money and resources move through the economy
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