Needs and Wants

Needs and Wants

Multiple Choice

1) Which of these is a need?

• A. clean air

• B. new jeans

• C. cool sneakers

• D. your favorite candy

Multiple Choice

2) Which of these is a want?

• A. food

• B. water

• C. shelter

• D. smartphone

Multiple Choice

3) Where would heavy, warm clothing be a true need?

• A. nowhere

• B. everywhere

• C. in a town with a cold, snowy climate

• D. in a very big city with a sunny climate

Multiple Choice

4) Living on a budget means you

• A. can never buy anything fun.

• B. should get everything that you want.

• C. don’t have to make choices about your money.

• D. are planning how to spend and save your money.

Multiple Choice

5) Which of these is an example of a good?

• A. a laptop

• B. an apple

• C. a backpack

• D. all of the above

Multiple Choice

6) Which of these is NOT an example of a service?

• A. babysitting

• B. mowing the lawn

• C. a vase of flowers

• D. fixing your computer

Multiple Choice

7) Using money to buy goods and services is called.

• A. spending.

• B. investing.

• C. wanting.

• D. saving.

Multiple Choice

8) If you are living on a budget, which of these would you buy first?

• A. the latest album by your favorite artist

• B. new sneakers because your old ones have a hole

• C. that sweatshirt everyone in your school is wearing

• D. an upgraded phone even though the one you have works

Multiple Choice

9) Which of these is an example of saving money?

• A. putting $10 in a bank

• B. buying a sandwich for $6

• C. walking around a toy store

• D. selling your old jeans for $5

Multiple Choice

10) What is the difference between a want and a need?

• A. A want is more important than a need.

• B. A need is more important than a want.

• C. You can never buy things you want, only things you need.

• D. You can never buy things you need, only things you want.