Economics - Needs and Wants Quiz

What do people need to live?

• Air, food, water, and shelter

• Toys, candy, books, and bikes

• Ponds, deserts, forests, and mountains

• Librarians, teachers, principals, and students

A shelter is a safe place to live. What shelter might a rabbit use?

• a carrot

• a burrow

• thick fur

• water

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What goods might a baker sell?

• Bikes and skateboards

• Computers and phones

• Bread and pies

• Shampoos and soaps

Mia and Moby BARTER. Mia knits Moby a scarf, and Moby cleans Mia’s room. What does BARTER mean?

• to pay for something with money

• to trade goods and services

• to make or clean something

• to save money

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Who provides the service of keeping people safe?

• A painter

• A musician

• A letter carrier

• A police officer

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In the BrainPopJr video we watched, which happens LAST?

• Moby saves a dollar every day from his job.

• Moby gets a job walking dogs to earn money for the gift.

• Moby saves enough money and buys Grandpop’s gift.

• Moby wants to buy Grandpop a birthday present.

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Which is an example of a producer?

• A farmer who grows vegetables

• A student who buys books.

• A person who trades coins.

• A person who buys groceries

Which sentence is TRUE?

• A consumer is someone who sells goods and services.

• People need bikes and skateboards to live.

• Communities help people meet their needs.

• A want is something you must have to live.

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Moby makes a BUDGET. He figures out how much things cost, how much he earns, and how much he can spend. What is a BUDGET?

• A person who offers a service.

• A person who grows or makes something.

• A plan to save and spend money

• A place to keep money.

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A farmer and a dentist are both producers. What is a producer?

• A person who sells goods and services.

• A person who buys goods and services.

• Something you need to live.

• Something you would like to have.