POB Quiz

Humans wants can be best described as:

• Things you need

• Things you desire

• Things you require

Human needs are:

• Things you desire

• Things you wish to have

• Things you can't live without

• Things you can live without

Example of humans need is:

• Internet

• Shelter

• Cell Phone

• Laptop

Example of a human want is:

• Food

• Clothing

• Cell Phone

• Shelter

Direct Production is:

• Providing without the help of others

• Working with other directly to provide goods

• Others working with you to provide goods

• Directly working with others

Surplus is:

• Excess of goods

• Goods to trade

• Goods received from others

• Goods you provide

Barter is:

• Exchange of goods for money

• Using money to get goods

• Exchange of goods without money

• Get money for exchange of goods

What is used to pay for goods using the bank's money

• Debit Card

• Cashier Cheque

• Credit Card

• Cheque

A system used to transfer funds electronically

• E-Commerce

• Cheque

• Credit Card

• Electronic Transfer

This allows persons to buy goods using their own money on their bank account

• Credit Card

• Cheque

• E-Commerce

• Debit Card