Social Studies Chapter 3, Lesson 1 Quiz

What makes something a need?

• It is something that people save up a lot of money for.

• It is something people must have in order to live.

• A tree

What is an example of a need?

• Spinach

• Ice cream

• An Xbox

What is an example of a want?

• Spinach

• Ice cream

• Air

What is the difference between a good and a service?

• A good is provided to give you something, a service is something you purchase and take home.

• A good is something you purchase and take home to use, a service is provided to give you something.

An example of a good is:

• A tree

• Shoes

• Barber haircut

An example of a service is:

• A tree

• Shoes

• Barber haircut

Why would someone save money in the bank?

• To feed the piggy

• To save for something they really want

• A tree