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Needs vs. Wants Quiz

Authored by Renso Tamez

History

12th Grade

CCSS covered

Used 5+ times

Needs vs. Wants Quiz
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5 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A need can best be describe as ....

Something that a  person buys or sells to another person. 
A necessity to survive like water or shelter.
An item that provides a valuable service like a cell phone.
A necessity to survive like Dr. Pepper and a mansion.

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A student can be found at the mall on the weekends. He/She likes to buy name brand clothing, new watches, and cool electronics. This person has the means to satisfy their ____________.

Needs
Wants
Basic Economic Questions

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Scarcity is based on the fact that individuals....

Will continually buy and sell goods.
Use too many products, so those products are in short supply.
Have unlimited needs and there is not enough food, water and shelter to go around.
Individuals have unlimited wants.

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is not one of the four economic questions?

When to produce
how to produce
For whom to produce.
what to produce/how much to produce.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Nations'/Economies' goal is to.....

Satisfy each and every citizen's needs and wants.
Create more of one product than anybody else, becoming a monopoly.
Sell their products at the highest price.
Meet their citizen's needs in the most efficient way possible.

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