Economics 2

1. Something we have to have to survive is called a __________.

• need

• want

• consumer

• piggy bank

2. Something we would like to have is a _______________________,

• need

• want

• consumer

• producer

3. The money I get paid for doing my job is called my _______.

• goods

• services

• income

• producer

4. It's okay to just spend all of my money because I'll get more next week.

• yes

• no

5. my house

• need

• want

• service

ice cream

• need

• want

• producer

When I keep some of my money we call that______________.

• spending

• need

• saving

• want

When there is only a small amount of something we call that _____________________,

• saving

• wants

• producers

• scarcity

9. a new pet

• need

• want

• producer

• saving

10. I went to the store and bought apples and bananas. They are ___________________________.

• needs

• wants

• services

• savings